email icon Email this citation

CIAO DATE: 12/03

How to Balance a $43 Trillion Checkbook

Jagadeesh Gokhale and Kent Smetters

On The Issues

August 2003

American Enterprise Institute for Public Policy Research

Abstract

Current government accounting practices fail to grasp the future economic consequences of Social Security and Medicare. Necessary reforms of these entitlement programs will be thwarted unless policymakers take account of these long-term implications.

Full Text (PDF format, 2 pages, 133 KB)