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Economic Commentary

Structural Reform of the Social Security System: The Time Has Come

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After months of wrangling, Congress and the administration recently reached an agreement on how to balance the federal budget by the year 2002. Although the compromise bill contains a $115 billion reduction in projected Medicare spending, it includes no initiatives regarding Social Security.

02.15.1997ISSN 2163-3738 EC 2/15/1997

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This paper and its data are subject to revision; please visit clevelandfed.org for updates.

Suggested Citation

Gokhale, Jagadeesh. 1997. “Structural Reform of the Social Security System: The Time Has Come.” Federal Reserve Bank of Cleveland, Economic Commentary 2/15/1997.

This work by Federal Reserve Bank of Cleveland is licensed under Creative Commons Attribution-NonCommercial 4.0 International