Should the Budget Be Changed to Exclude the Cost of Individual Accounts?
Publication Date: December 2004
Special Collection: John D. and Catherine T. MacArthur Foundation
Keywords: Economic projections; Economic inequality; Senior citizen; Retirement
Proposals to replace part of Social Security with individual accounts are now a focus of attention, with the President expressing a strong desire to push forward on creating individual accounts within Social Security. This paper considers the appropriate budgetary treatment of proposals to create such accounts.