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With today's class, we will turn our attention to entitlement reform and related topics. We will begin our discussion with two Supreme Court cases involving Social Security. The first upholding the program's constitutionality and the second dealing with Congress's authority to make benefit changes (and whether taxpayers acquire a property interest in their future Social Security benefits). We will then discuss briefly Chapter 13 of Fiscal Challenges, in which John Harrison explores New Property, Entrenchment and the Fiscal Constitution.
Next, please review the CFRB's Social Security “Reformer” website and devise your own solution to problems facing Social Security: http://crfb.org/socialsecurityreformer/. As background to this exercise, you should consult the CBO's December 2016 report on Options for Reducing the Deficit, in the relevant pages of chapter two, which deals with mandatory spending programs.
Team Assignment (Teams B, D, E, F & J): Please create a presentation with a few powerpoint slides presenting and defending a joint team plan to reform Social Security. The plan should have unanimous approval of group members.
As further background, another chapter from Fiscal Challenges is included: this one on government accounting for entitlement programs and other activities.EDIT PLAYLIST INFORMATION DELETE PLAYLIST
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January 03, 2017
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