Elmendorf, Douglas; Liebman, Jeffrey B.; Wilcox, David W. - National Bureau of Economic Research (NBER) - 2001
This paper reviews the course of fiscal policy and Social Security policy during the 1990s. The 1990s witnessed two … new political consensus in favor of balancing the budget excluding Social Security rather than the unified budget. The … witness significant changes in Social Security policy, although alternative visions of Social Security reform received …