CIAO DATE: 12/03
How to Balance a $43 Trillion Checkbook
Jagadeesh Gokhale and Kent Smetters
On The Issues
August 2003
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)