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Plan for Reforming Social Security," Cato

Federal Old-Age and Survivors and Disability

Insurance Trust Funds," March 2005.

Institute Social Security Paper no. 32, February

17, 2004.

22. Estimates include the $1.7 trillion cost of

redeeming the Trust Fund.

31. Memorandum from Stephen C. Goss and Alice

H. Wade to Rep. Sam Johnson, "Estimated Long-

23. Memorandum from Alice Wade and Chris

Range OASDI Financial Effects of the Individual

Chaplain to Steve Goss, "Estimated OADI Long-

Social Security Investment Program Act of 2004

Range Financial Effects of Several Provisions

(HR 530)," February 15, 2005.

Requested by the Social Security Advisory Board,"

32. Memorandum from Stephen C. Goss to Rep.

Social Security Administration, Office of the

Paul Ryan, "Estimated Financial Effects of the

Chief Actuary, February 7, 2005, Figures 15­17.

`Social Security Personal Savings and Prosperity

24. Jeff Lemieux, "Raising the Cap on Payroll Taxes

Act of 2004,'"July 19, 2004. Memorandum from

Doesn't Solve the Social Security Problem,"

Stephen C. Goss, Alice H. Wade, and Chris

Centrists.Org, November 17, 2003.

Chaplain to Rep. Jim Kolbe and Rep. Charles

Stenholm, "Estimated OASDI Financial Effects of

25. Martin Feldstein, "The $110,000 Question," Wall

the `Retirement Security Act,'" February 11, 2004;

Street Journal, September 1, 2004; see also Martin

Memorandum from Chris Chaplain and Alice H.

Feldstein, "Structural Reform of Social Security,"

Wade to Stephen C. Goss, "Estimated OASDI

NBER Working Paper no. 11098, February 2005.

Financial Effects of `Social Security Solvency and

Modernization Act of 2003' introduced by Sen.

26. Memorandum from Alice Wade and Chris

Lindsey  Graham,"  November  18,  2003;

Chaplain to Steve Goss, "Estimated OADI Long-

Memorandum from Stephen C. Goss to Rep. Jim

Range Financial Effects of Several Provisions

DeMint, "Estimated Financial Effects of H.R.

Requested by the Social Security Advisory Board,"

3177, the `Social Security Savings Act of 2003,'"

February 7, 2005.

September 26, 2003; Memorandum from Stephen

C. Goss and Alice H. Wade to Sen. Chuck Hagel,

27. Ibid.

"Estimated Financial Effects of `The Saving Social

Security Act of 2005,'" March 10, 2005.

28. Flemming v. Nestor, 363 U.S. 603 (1960).

Memorandum from Stephen C. Goss and Alice H.

Wade to Daniel Patrick Moynihan and Richard D.

29. Orlo Nichols, Michael Clingman, and Milton

Parsons, "Estimates of Financial Effects for Three

Glanz, "Internal Rates of Return under the

Models Developed by the President's Commission

OASDI Program for Hypothetical Workers,"

to Strengthen Social Security," January 31, 2002.

Social Security Administration Actuarial Note no.

144, June 2001.

33. Speech by William Jefferson Clinton to the

Great Social Security Debate, Albuquerque, July

30. Michael Tanner, "The 6.2 Percent Solution: A

27, 1998.

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