Reform Proposals
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Program Cuts Under a Balanced Budget Amendment: How Severe Might They Be?
November 15, 2011
The constitutional balanced budget amendment that the House is expected to consider this week could force Congress to cut all programs by an average of 17.3 percent by 2018. If revenues are not raised (the House-passed budget resolution assumes no increase above current-policy levels) and all programs are cut by the same percentage, … -
Balanced Budget Amendment Highly Ill-Advised for Addressing Long-Term Fiscal Problems
November 14, 2011
The balanced budget amendment to the U.S. Constitution that the House will consider this week would be a highly ill-advised way to address the nation's long-term fiscal problems. It would threaten significant economic harm while raising a host of problems for the operation of Social Security and other vital federal functions. The … -
The Composition of Past Deficit-Reduction Packages – And Lessons for the Next One
November 14, 2011
Revenue increases were a part of every major deficit-reduction package in the 1980s and 1990s until the Balanced Budget Act of 1997. In several cases — notably in 1982 and 1984 (where they offset a portion of President Reagan's large tax cuts of 1981) — they dominated the package. In several other cases … -
Bowles-Simpson Social Security Proposal Not a Good Starting Point for Reforms
February 17, 2011
The Social Security proposal from the co-chairs of President Obama’s fiscal commission is not a suitable starting point, let alone a reasonable outcome, for Social Security reform because it relies far too much on deep benefit cuts to restore solvency to the program and makes a number of harmful changes. The Social Security proposal … -
Media Briefing: Examining Serious Flaws in the Bowles-Simpson Social Security Plan
February 17, 2011
Paul N. Van de Water and Robert Greenstein discuss the problematic changes proposed in the Bowles-Simpson Social Security Plan
Duration: 14:31
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Social Security Benefits are Modest
January 11, 2011
Social Security benefits may be on the chopping block as policymakers wrestle with the nation’s long-term fiscal challenges. The co-chairs of the President’s fiscal commission, Erskine Bowles and Alan Simpson, proposed a plan to ensure Social Security’s long-term solvency that relies on benefit cuts for two-thirds of its savings over the next 75 years, and …
