Financial Management White Papers
Would Borrowing $2 Trillion for Individual Accounts Eliminate $10 Trillion in Social Security Liabilities?
Overview Administration officials have been downplaying the significance of the $2 trillion in transition costs required by some individual accounts plans, by comparing that cost to the unfunded liability in Social Security over an infinite time horizon, which totals more than $10 trillion. This argument is misleading. The $10 trillion number is taken out of context; it refers to the Social Security shortfall not over 75 years, but into eternity.
| Publisher | Center on Budget and Policy Priorities | File Format | PDF, requires Acrobat Rdr 5 |
|---|---|---|---|
| Date Published | December 2004 | ||
| Format | White Papers | ||
| Topics | |||
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