Social Security Reform: Greater Transparency Neede

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Social Security Reform: Greater Transparency Needed about Potential General Revenue Financing

Absent reform, Social Security’s financing gap wil

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By Susan J. Irving (au); Barbara D. Bovbjerg (au)
Year: 2007
Pages: 45
Binding Paperback

Product Code: 1422314448

Description

Absent reform, Social Security’s financing gap will grow until currently scheduled benefits can no longer be paid in full. Recent reform proposals often include general revenue (GR) -- a major change that can have significant implications for the budget as a whole. These report addresses these issues: (1) What information is available about GR in recent proposal scorings by Social Security’s Office of the Chief Actuary?; (2) What common mechanisms, especially GR mechanisms, are used to increase program revenue?; & (3) What are the implications of GR for the trust fund & the federal budget? Includes recommendations. Charts & tables.

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