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CBO Director's Testimony on Budgetary Perspectives on the Outlook for Social Security (PDF)
U.S. Congressional Budget Office [CBO]Link to more items from this source
Feb. 10, 2005
9 pages. Excerpt: Although prefunding could be carried out either by having individuals save more or by having the government save more (through smaller budget deficits or larger budget surpluses), analysts disagree about the extent to which the government could actually prefund retirement benefits, for several reasons. The experience of recent years, for instance, raises questions about the likelihood that the governmentwould be able to maintain budget surpluses for long periods of time.

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