,,Should the Budget Be Changed to Exclude the Cost of Individual Accounts?

Should the Budget Be Changed to Exclude the Cost of Individual Accounts?


 

Publication Date: December 2004

Publisher: Center on Budget and Policy Priorities (Washington, D.C.)

Author(s): Peter R. Orszag; William G. Gale; Jason Furman

Research Area: Banking and finance

Keywords: Economic projections; Economic inequality; Senior citizen; Retirement

Type: Report

Abstract:

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.