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A Better Measure of Long-Term Spending: FASAB Proposes Changes in Accounting for Social Security, Medicare

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Publication Date: October 2006

Publisher(s): Heritage Foundation (Washington, D.C.)

Author(s): Alison Acosta Fraser

Series: WebMemo

Topic: Banking and finance (Public finance)

Keywords: Budget; Accounting; Social Security; Medicare

Type: Brief

Coverage: United States


Social Security and Medicare are a growing threat to the federal budget, and providing better information about their liabilities will help the public and policymakers to address them seriously.