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The Impact of the President's Proposal on Social Security Solvency and the Budget
Jason Furman, Center on Budget and Policy Priorities, 7/22/2005

The President has announced two parts of his Social Security plan. In his State of the Union Address on February 2, he proposed private accounts, to be paid for by reductions in traditional Social Security benefits. In an April 28 press conference, the President announced sliding-scale benefit reductions modeled on a plan proposed by investment executive Robert Pozen.

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