Financial Management White Papers
Should the Budget Be Changed to Exclude the Cost of Individual Accounts?
Overview 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. Treating federal borrowing for individual accounts differently from federal borrowing for other purposes would create a large loophole in longstanding budget rules that is unwarranted and inconsistent with other federal budgeting practice. Of particular concern, it would likely lead to less fiscally responsible policy outcomes.
| Publisher | Center on Budget and Policy Priorities | File Format | PDF, requires Acrobat Rdr 5 |
|---|---|---|---|
| Date Published | December 2004 | ||
| Format | White Papers | ||
| Topics | |||
-
Did you find this white paper useful?
White Paper RSS
Download
Register
