Performance Budgeting and Management White Papers
Should the Budget Rules Be Changed so That Large-Scale Borrowing to Fund Individual Accounts Is Left Out of the Budget?
Overview Recent plans to replace part of Social Security with individual accounts would significantly increase federal borrowing for at least several decades. Over the next 10 years alone, various individual account proposals funded by borrowing would increase deficits and borrowing by between $1 trillion and $5.3 trillion. Such deficits have historically been acknowledged by supporters of individual accounts.
| 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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