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Private Accounts Would Substantially Increase Federal Debt and Interest Payments
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James Horney,
Richard Kogan,
Center on Budget and Policy Priorities,
8/2/2005
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All of the major proposals to replace a portion of Social Security with private accounts would
require large increases in federal borrowing for many decades. This increased borrowing is not
necessary to restore Social Security solvency. Instead, the increased borrowing would be needed to
finance the creation of the private accounts, which by
themselves would not do anything to restore solvency, and
under some circumstances would worsen solvency.
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Link to Report (PDF)
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Pages: 43
Price: Free
Ordering Information:
Center on Budget and Policy Priorities
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