Social Security: Costs Associated with the Administration's Efforts to Promote Program Reforms

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Correspondence issued by the Government Accountability Office with an abstract that begins "Congress requested that GAO identify the official Social Security reform public speaking events and other promotion initiatives involving administration officials, and their costs to the federal government, since January 2005. As you know, the Social Security Board of Trustees is projecting in its 2007 report that as early as 2017 Social Security benefit payments will exceed tax revenues. After that time, the gap between costs and tax revenues grows continuously, and unless action is taken to close this gap, it is currently estimated that the Social Security trust ... continued below

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United States. Government Accountability Office. August 10, 2007.

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Description

Correspondence issued by the Government Accountability Office with an abstract that begins "Congress requested that GAO identify the official Social Security reform public speaking events and other promotion initiatives involving administration officials, and their costs to the federal government, since January 2005. As you know, the Social Security Board of Trustees is projecting in its 2007 report that as early as 2017 Social Security benefit payments will exceed tax revenues. After that time, the gap between costs and tax revenues grows continuously, and unless action is taken to close this gap, it is currently estimated that the Social Security trust funds will be depleted by 2041. In his 2005 State of the Union Address, the President emphasized the need to reform Social Security, and he announced his intention to work with the Congress to achieve reforms. On March 2, 2005, the Secretary of the Treasury announced the "60 Stops in 60 Days" tour in which the President and other administration officials would speak to the public about the need for reform in a series of town hall meetings across the country in an attempt to gain popular support for program reforms. Congress asked us to include events such as those associated with the "60 Stops in 60 Days" tour and initiatives such as the Social Security Information Center (SSIC) established at the Department of the Treasury (Treasury) to provide a focal point for the administration's Social Security reform activities. To answer Congress's question about the list of public speaking events and other promotion initiatives, we relied upon information supplied by the Social Security Administration (SSA), Treasury, and the Executive Office of the President (EOP), including information posted to Treasury's and the White House's Web sites. To answer Congress's question about the cost of the public speaking events and other promotion initiatives, we focused our work on the activities of SSA, Treasury, and EOP, which accounted for approximately 75 percent of the public speaking events."

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Government Accountability Office Reports

The U.S. Government Accountability Office (GAO) is an independent, nonpartisan agency that works for the U.S. Congress investigating how the federal government spends taxpayers' money. Its goal is to increase accountability and improve the performance of the federal government. The Government Accountability Office Reports Collection consists of over 13,000 documents on a variety of topics ranging from fiscal issues to international affairs.

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  • August 10, 2007

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  • June 12, 2014, 7:50 p.m.

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United States. Government Accountability Office. Social Security: Costs Associated with the Administration's Efforts to Promote Program Reforms, text, August 10, 2007; Washington D.C.. (digital.library.unt.edu/ark:/67531/metadc297458/: accessed August 19, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.