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Faculty Recital: 2002-02-19 - Eugene Osadchy, cello Pamela Mia Paul, piano

Access: Use of this item is restricted to the UNT Community
A faculty recital performed at the UNT College of Music Recital Hall
Date: February 19, 2002
Creator: Osadchy, Eugene & Paul, Pamela Mia
Object Type: Sound
System: The UNT Digital Library
September 11: More Effective Collaboration Could Enhance Charitable Organizations' Contributions in Disasters (open access)

September 11: More Effective Collaboration Could Enhance Charitable Organizations' Contributions in Disasters

A letter report issued by the General Accounting Office with an abstract that begins "Surveys suggest that as many as two-thirds of American households have donated money to charitable organizations to aid in the response to the September 11 disasters. To provide the public with information on the role of charitable aid in assisting those affected by the attacks, GAO was asked to report on the amount of donations charities raised and distributed, the accountability measures in place to prevent fraud by organizations and individuals, and lessons learned about how to best distribute charitable aid in similar situations."
Date: December 19, 2002
Creator: United States. General Accounting Office.
Object Type: Report
System: The UNT Digital Library
Department of Defense's Compliance with Statutory Requirements for Funding Military Operations Where Funds Were Not Provided in Advance (open access)

Department of Defense's Compliance with Statutory Requirements for Funding Military Operations Where Funds Were Not Provided in Advance

Correspondence issued by the General Accounting Office with an abstract that begins "Section 127a, title 10 of the United States Code provides the Department of Defense (DOD) with two options for funding nontraining deployments and operations when Congress has not provided funds in advance. These options involve waiving reimbursements for support services and transferring amounts from other DOD accounts. Section 127a prescribes specific procedures to be followed by DOD when these funding options are used; requires DOD to notify Congress of and report on certain new contingency operations; and states that the Comptroller General of the United States shall from time to time, and when requested by a Committee of Congress, conduct a review to determine whether DOD is complying with the statutory requirements and limitations. GAO found that DOD has complied with the requirements contained in section 127a. Since the current notification and reporting requirements of section 127a were enacted in 1996, DOD has provided congressional notification for four operations, involving Bosnia, Kosovo, hurricane relief in Central America, and East Timor. DOD has rarely used the funding options provided in section 127a. It used the section 127a funding option allowing waiver of reimbursement for units providing support once, for …
Date: July 19, 2002
Creator: United States. General Accounting Office.
Object Type: Text
System: The UNT Digital Library
Mammography: Capacity Generally Exists to Deliver Services (open access)

Mammography: Capacity Generally Exists to Deliver Services

A letter report issued by the General Accounting Office with an abstract that begins "Breast cancer is the second leading cause of cancer deaths among American women. In 2001, 192,200 new cases of breast cancer were diagnosed and 40,200 women died from the disease. The probability of survival increases significantly, however, when breast cancer is discovered in its early stages. Currently, the most effective technique for early detection of breast cancer is screening mammography, an X-ray procedure that can detect small tumors and breast abnormalities up to two years before they can be detected by touch. Nationwide data indicate that mammography services are generally adequate to meet the growing demand. Between 1998 and 2000, both the population of women 40 and older and the extent to which they were screened increased by 15 percent. Although mammography services are generally available, women in some locations have problems obtaining timely mammography services in some metropolitan areas. However, the greatest losses in capacity have come in rural counties. In all, 121 counties, most of them rural, have experienced a drop of more than 25 percent in the number of mammography machines in the last three years. Officials from 37 of these counties reported …
Date: April 19, 2002
Creator: United States. General Accounting Office.
Object Type: Report
System: The UNT Digital Library
Oversight of the Management of the Office of Workers' Compensation Programs: Are the Complaints Justified (open access)

Oversight of the Management of the Office of Workers' Compensation Programs: Are the Complaints Justified

Correspondence issued by the General Accounting Office with an abstract that begins "GAO has shown that cross-matching or data sharing can be a valuable management and oversight practice. The Office of Workers' Compensation Programs (OWCP) already has the right to access Social Security Administration's (SSA) data. However, such access is subject to SSA's approval--the Code of Federal Regulations provides that "OWCP may verify the earnings reported by the employee through a variety of means, including by not limited to computer matches with the Office of Personnel Management and inquiries to SSA." Prior GAO work has demonstrated the importance of, and potential savings from, checking applicants' and beneficiaries' initial and continuing eligibility for federal benefits by verifying the economic information they provide with independent, third-party sources."
Date: July 19, 2002
Creator: United States. General Accounting Office.
Object Type: Text
System: The UNT Digital Library
Serving the Congress and the Nation: Strategic Plan 2002-2007 (open access)

Serving the Congress and the Nation: Strategic Plan 2002-2007

Other written product issued by the General Accounting Office with an abstract that begins "This report updates GAO's strategic plan for serving Congress from fiscal year 2002-2007. Although the overall framework of the old plan is still valid, greater emphasis is being placed in a number of areas to reflect the altered agenda of policymakers. Recognizing that Congress and the federal government will focus considerable effort and resources on homeland security, GAO is proposing to increasing its emphasis on overseeing the efficiency and effectiveness of effort across the public and private sectors to protect against and respond to various forms of terrorism. In light of the changing public expectations and needs as well as fiscal pressures, GAO has redefined one of its strategic goals to focus on transforming the federal government's role to meet the challenges of the 21st century--what it does and how it does business. Because of the far reaching demographic and fiscal trends that will affect the United States, GAO excepts to add greater long-range focus to its work to support Congress in addressing program priorities and budget decisions."
Date: June 19, 2002
Creator: United States. General Accounting Office.
Object Type: Text
System: The UNT Digital Library
Waivers of the Small Business Administration's Nonmanufacturer Rule Have Limited Effect (open access)

Waivers of the Small Business Administration's Nonmanufacturer Rule Have Limited Effect

Correspondence issued by the General Accounting Office with an abstract that begins "Under section 8(a) of the Small Business Act, the Small Business Administration (SBA) conducts a program for developing small businesses that are owned by socially and economically disadvantaged individuals. Participants can receive contracts under acquisitions that federal agencies offer to the 8(a) program as well as business development assistance from SBA. A firm that receives a supply contract under the 8(a) program or a small business set aside can be either a manufacturer or a nonmanufacturer of a product. Under SBA's rules, however, a nonmanufacturer who receives one of these contracts must agree to supply the product of a domestic small manufacturer or processor. SBA can waive this requirement when there are no small manufacturers or processors available to supply the product. There are two types of waivers to the nonmanufacturer rule: (1) individual waivers, which apply only to a specific contract and are effective for the life of that contract, and (2) class waivers, which apply to categories of items and continue in effect unless revoked by SBA. Once a waiver of the nonmanufacturer rule is approved, a firm may supply the product of a large manufacturer. …
Date: December 19, 2002
Creator: United States. General Accounting Office.
Object Type: Text
System: The UNT Digital Library
Export Controls: Rapid Advances in China's Semiconductor Industry Underscore Need for Fundamental U.S. Policy Review (open access)

Export Controls: Rapid Advances in China's Semiconductor Industry Underscore Need for Fundamental U.S. Policy Review

A letter report issued by the General Accounting Office with an abstract that begins "Since 1986, China has narrowed the gap between the U.S. and Chinese semiconductor manufacturing technology from between seven to 10 years to two years or less. China's success in acquiring manufacturing technology from abroad has improved its semiconductor manufacturing facilities for more capable weapons systems and advanced consumer electronics. The multilateral Wassenaar Arrangement on Export Controls for Conventional Arms and Dual-Use Goods and Technologies has not affected China's ability to obtain semiconductor manufacturing equipment because the United States is the only member of this voluntary arrangement that considers China's acquisition of semiconductor manufacturing equipment a cause for concern. Under the Export Administration Regulations pertaining to China, the general licensing policy is to approve applications, except those items that would make a direct and significant contribution to specific areas of China's military. Furthermore, U.S. agencies have not done the analyses, such as assessing foreign availability of this technology or the cumulative effects of such exports on U.S. national security interests, necessary to justify such a practice or serve as the basis for licensing decisions. Consequently, the executive branch lacks a sound, well-documented basis for making export-licensing decisions …
Date: April 19, 2002
Creator: United States. General Accounting Office.
Object Type: Report
System: The UNT Digital Library
Technology Transfer: Several Factors Have Led to a Decline in Partnerships at DOE's Laboratories (open access)

Technology Transfer: Several Factors Have Led to a Decline in Partnerships at DOE's Laboratories

A letter report issued by the General Accounting Office with an abstract that begins "Since 1980 Congress has passed laws to facilitate the transfer of technology from federal laboratories to U.S. businesses. In particular, the National Competitiveness Technology Transfer Act of 1989 authorized federal laboratories operated by contractors, including the Department of Energy's (DOE) national laboratories, to enter into cooperative research and development agreements (CRADA). Under a CRADA, the partner and DOE laboratory agree to jointly conduct research and typically share the research costs. By fiscal year 1992, DOE's national laboratories were among the leading federal laboratories participating in CRADAs. Recently however, the 12 laboratories that DOE surveyed have substantially reduced their CRADA partnerships and their technical assistance to small businesses. Instead, the laboratories have increasingly transferred technology through agreements that did not involve collaborative research and were funded by a business or other nonfederal entity. Managers at most of the laboratories say the lack of dedicated funding for technology for transfer to technology partnerships, including funding targeted to small businesses, is the most important barrier to their technology transfer activities. Managers at most laboratories said that DOE's lack of a high-level, effective advocate for technology transfer and DOE's lack …
Date: April 19, 2002
Creator: United States. General Accounting Office.
Object Type: Report
System: The UNT Digital Library
FASAB: Selected Standards for the Consolidated Financial Report of the United States Government: Statement of Federal Financial Accounting Standards (Exposure Draft) (open access)

FASAB: Selected Standards for the Consolidated Financial Report of the United States Government: Statement of Federal Financial Accounting Standards (Exposure Draft)

Other written product issued by the General Accounting Office with an abstract that begins "GAO provided information on the Federal Accounting Standards Advisory Board's statement of federal financial accounting standards (SFFAS). This statement clarifies requirements of SFFAS, especially SFFAS No. 7."
Date: March 19, 2002
Creator: United States. General Accounting Office.
Object Type: Text
System: The UNT Digital Library
Securities and Exchange Commission: Actions Needed to Improve Public Company Accounting Oversight Board Selection Process (open access)

Securities and Exchange Commission: Actions Needed to Improve Public Company Accounting Oversight Board Selection Process

A letter report issued by the General Accounting Office with an abstract that begins "The Sarbanes-Oxley Act of 2002 created, among other things, the Public Company Accounting Oversight Board (PCAOB) to oversee audits of public companies. A divided Securities and Exchange Commission (SEC) appointed the first PCAOB on October 25, 2002. Amid allegations that the SEC Chairman withheld relevant information from the other Commissioners concerning the suitability of the newly appointed PCAOB chairman, GAO was asked to examine SEC's selection process; determine whether the SEC Chairman withheld information from other Commissioners; determine what vetting of candidates took place; and identify what actions led to breakdowns in the process."
Date: December 19, 2002
Creator: United States. General Accounting Office.
Object Type: Report
System: The UNT Digital Library
Pipeline Safety: Status of Improving Oversight of the Pipeline Industry (open access)

Pipeline Safety: Status of Improving Oversight of the Pipeline Industry

Testimony issued by the General Accounting Office with an abstract that begins "The Office of Pipeline Safety (OPS) oversees 2.2 million miles of pipelines that transport potentially dangerous materials, such as oil and natural gas. OPS has been slow to improve its oversight of the pipeline industry and implement critical pipeline safety improvements. As a result, OPS has the lowest rate of any transportation agency for implementing the recommendations of the National Transportation Safety Board. In recent years, OPS has taken several steps to improve its oversight of the pipeline industry, including requiring "integrity management" programs for individual operators to assess their pipelines for risks, take action to mitigate the risks, and develop program performance measures. OPS has also (1) revised forms and procedures to collect more complete and accurate data, which will enable OPS to better assess the causes of incidents and focus on the greatest risks to pipelines; (2) allowed more states to oversee a broader range of interstate pipeline safety activities; and (3) increased the use of fines. OPS has made progress in responding to recommendations from the Safety Board and statutory requirements, but some key open recommendations and requirements, such as requiring pipeline operators to periodically …
Date: March 19, 2002
Creator: United States. General Accounting Office.
Object Type: Text
System: The UNT Digital Library
Computer Security: Progress Made, But Critical Federal Operations and Assets Remain at Risk (open access)

Computer Security: Progress Made, But Critical Federal Operations and Assets Remain at Risk

Testimony issued by the General Accounting Office with an abstract that begins "Protecting the computer systems that support our critical operations and infrastructures has never been more important because of the concern about attacks from individuals and groups with malicious intent, including terrorism. These concerns are well founded for a number of reasons, including the dramatic increases in reported computer security incidents, the ease of obtaining and using hacking tools, the steady advance in the sophistication and effectiveness of attack technology, and the dire warnings of new and more destructive attacks. As with other large organizations, federal agencies rely extensively on computerized systems and electronic data to support their missions. Accordingly, the security of these systems and data is essential to avoiding disruptions in critical operations, as well as to helping prevent data tampering, fraud, and inappropriate disclosure of sensitive information. At the subcommittee's request, GAO discussed its analysis of recent information security audits and evaluations at 24 major federal departments and agencies."
Date: November 19, 2002
Creator: United States. General Accounting Office.
Object Type: Text
System: The UNT Digital Library
VA Health Care: Nonprofit Corporations Enhance VA Research, but Would Benefit from Increased Oversight (open access)

VA Health Care: Nonprofit Corporations Enhance VA Research, but Would Benefit from Increased Oversight

Testimony issued by the General Accounting Office with an abstract that begins "GAO reviewed the Department of Veterans Affairs' (VA) nonprofit research corporations, which receive funds primarily from non-VA sources to conduct medical research at VA facilities. Since VA's nonprofit corporations were first established, there has been limited oversight of their operations and contributions to VA research. Nonprofit corporations support VA's research environment by funding a portion of the department's research needs, such as laboratory equipment and improvements to infrastructure, and by providing flexible personnel and contracting arrangements to respond to investigators' needs. To detect conflict of interest, investigators on research projects administered by VA's nonprofit corporations are subject to federal statutes and regulations applicable to federal employees concerning conduct and conflicts of interest and may be required to disclose their financial interests. Institutional conflicts of interest are unlikely to occur in VA's nonprofit research corporations because they cannot own stock, have an equity interest in private companies, or obtain intellectual property rights. VA has delegated responsibility for monitoring and overseeing the activities of nonprofit corporations to the directors of VA medical centers; however, VA headquarters does not oversee and monitor corporations' financial activities and ensure that identified deficiencies are …
Date: September 19, 2002
Creator: United States. General Accounting Office.
Object Type: Text
System: The UNT Digital Library
Performance Budgeting: Opportunities and Challenges (open access)

Performance Budgeting: Opportunities and Challenges

Testimony issued by the General Accounting Office with an abstract that begins "This testimony discusses efforts to link resources to results--also known as "performance budgeting." During the past decade, Congress and several administrations have put in place a structure for increasing the focus on and accountability for government performance. Federal agencies have been working to carry out the Government Performance Act, which requires the development of periodic strategic and annual performance plans and reports. Absent structural change in a number of major entitlement programs, budgetary flexibility will continue to decline and eventually disappear--while demands for new federal resources to address such emerging challenges as homeland security and other issues become more compelling and pressing. Given the country's longer-range fiscal imbalance, there is also a need to broaden the measures and focus of the federal budget process to accommodate these goals. The nation's fiscal challenges escalate rapidly just beyond the 10-year budget projection period. As a result, new metrics and mechanisms are needed to better highlight the longer-term implications of existing programs and proposed new fiscal commitments. Furthermore, in order to address emerging challenges, it is necessary to address both retirement and health programs encumbering the nation's fiscal future, in addition …
Date: September 19, 2002
Creator: United States. General Accounting Office.
Object Type: Text
System: The UNT Digital Library
Veterans' Benefits: Claims Processing Timeliness Performance Measures Could Be Improved (open access)

Veterans' Benefits: Claims Processing Timeliness Performance Measures Could Be Improved

A letter report issued by the General Accounting Office with an abstract that begins "The Chairman and Ranking Minority Member, Senate Committee on Veterans' Affairs, asked GAO to assist the Committee in its oversight of the Veterans Benefits Administration's (VBA) efforts to improve compensation and pension claims processing. As part of this effort, GAO assessed (1) whether VBA's key timeliness measure clearly reflects its performance and (2) whether it has adequate data to measure the timeliness of its newly created specialized claims processing teams."
Date: December 19, 2002
Creator: United States. General Accounting Office.
Object Type: Report
System: The UNT Digital Library
Military Personnel: Joint Officer Development Has Improved, but a Strategic Approach Is Needed (open access)

Military Personnel: Joint Officer Development Has Improved, but a Strategic Approach Is Needed

A letter report issued by the General Accounting Office with an abstract that begins "DOD has increasingly engaged in multiservice and multinational operations. Congress enacted the Goldwater-Nichols Department of Defense Reorganization Act of 1986, in part, so that DOD's military leaders would be better prepared to plan, support, and conduct joint operations. GAO assessed DOD actions to implement provisions in the law that address the development of officers in joint matters and evaluated impediments affecting DOD's ability to fully respond to the provisions in the act."
Date: December 19, 2002
Creator: United States. General Accounting Office.
Object Type: Report
System: The UNT Digital Library
Food Stamp Program: States' Use of Options and Waivers to Improve Program Administration and Promote Access (open access)

Food Stamp Program: States' Use of Options and Waivers to Improve Program Administration and Promote Access

A letter report issued by the General Accounting Office with an abstract that begins "To help states administer their Food Stamp Programs, the Food and Nutrition Service (FNS) offers options and waivers to their program rules and regulations. Almost all states used options or waivers in their food stamp eligibility determination process. More than half of the states chose to make households receiving Temporary Assistance for Needy Families (TANF) services automatically eligible for food stamps. Thirty-three states exempted some or all vehicles in the determination of food stamp eligibility. Although most states used these options and waivers, they considered them a cumbersome way to increase access to the program for families owning a vehicle. Almost all states used at least one option or waiver to change the reporting methods required of food stamp household earnings. The most frequently used reporting waivers exempted recipients from reporting changes in earned income of $25 or more per month. States used these options and waivers to simplify paperwork requirements for both the food stamp recipient and eligibility worker. Although few states were using the new option to provide food stamp benefits to families leaving TANF, 20 other states planned to implement the option. No …
Date: February 19, 2002
Creator: United States. General Accounting Office.
Object Type: Report
System: The UNT Digital Library
Developing Countries: Switching Some Multilateral Loans to Grants Lessens Poor Country Debt Burdens (open access)

Developing Countries: Switching Some Multilateral Loans to Grants Lessens Poor Country Debt Burdens

A letter report issued by the General Accounting Office with an abstract that begins "Last year the United States proposed that the World Bank and other development banks distribute more grants to the world's poorest countries to help ease their long-term debt burdens. The United States recommended that grants replace up to half of all future lending. The proposal has been controversial because of its potential impact on the resources available to poor countries. The World Bank estimates that the proposal could reduce its resources by $100 billion during the next 40 years. A shift of multilateral loans to grants would reduce poor countries' debt burdens and increase their ability to repay future debt. The total financial loss to the World Bank of a 50-percent shift from loans to grants during the next 40 years would be $15.6 billion in present value terms. Financing the proposal through harder terms on the remaining loans to poor countries would reduce and potentially nullify any improvement to their debt sustainability arising from the 50-percent grants proposal. However, if donor contributions to the World Bank were to increase by 1.6 percent a year, which is less than the projected rate of inflation during the …
Date: April 19, 2002
Creator: United States. General Accounting Office.
Object Type: Report
System: The UNT Digital Library
FASAB: Target Audience and Qualitative Characteristics for the Consolidated Financial Report of the United States Government: Statement of Federal Financial Accounting Concepts (Exposure Draft) (open access)

FASAB: Target Audience and Qualitative Characteristics for the Consolidated Financial Report of the United States Government: Statement of Federal Financial Accounting Concepts (Exposure Draft)

Other written product issued by the General Accounting Office with an abstract that begins "GAO provided information on the Federal Accounting Standards Advisory Board's statement of federal financial accounting concepts (SFFAC). The statement identifies and describes the characteristics of the target audience for the Consolidated Financial Report of the U.S. Government."
Date: March 19, 2002
Creator: United States. General Accounting Office.
Object Type: Text
System: The UNT Digital Library
Multifamily Housing: Improvements Needed in HUD's Oversight of Lenders That Underwrite FHA-Insured Loans (open access)

Multifamily Housing: Improvements Needed in HUD's Oversight of Lenders That Underwrite FHA-Insured Loans

A letter report issued by the General Accounting Office with an abstract that begins "Each year, the Federal Housing Administration (FHA) insures billions of dollars in multifamily housing mortgage loans to help construct, rehabilitate, purchase, and refinance apartments and health care facilities. However, the Department of Housing and Urban Development (HUD) lacks assurances that the lenders approved for the Multifamily Accelerated Processing (MAP) program always meet all of HUD's qualifications. HUD's guidance requires prospective lenders to submit documents showing that they are financially sound, have a satisfactory lending record, and have qualified underwriters. GAO found that HUD did not always comply with, or effectively implement, controls and procedures for reviewing and monitoring MAP lenders' underwriting of loans. Before issuing a loan, field staff are required to conduct and document reviews of lenders' mortgage insurance applications and associated loan exhibits to ensure compliance with HUD underwriting requirements. However, staff did not always properly document their reviews. HUD has held some lenders accountable for specific violations of program requirements but is unable to systematically identify lenders that exhibit patterns of noncompliance. To hold lenders accountable for specific violations or for patterns of noncompliance, HUD's Office of Multifamily Housing can suspend or terminate …
Date: July 19, 2002
Creator: United States. General Accounting Office.
Object Type: Report
System: The UNT Digital Library
Immigration Enforcement: Challenges to Implementing the INS Interior Enforcement Strategy (open access)

Immigration Enforcement: Challenges to Implementing the INS Interior Enforcement Strategy

Testimony issued by the General Accounting Office with an abstract that begins "The Immigration and Naturalization Service (INS) developed strategies in the 1990s to control illegal immigration across U.S. borders and to address enforcement priorities within the country. In 1994, INS's Border Patrol issued a strategy to deter illegal entry through "prevention through deterrence;" that is, to raise the risk of being apprehended for illegal aliens to where they would consider it futile to try to enter. The plan called for targeting resources in a phased approach, starting in areas with the greatest illegal activity. In 1999, INS issued its Interior Enforcement Strategy to focus resources on areas that would have the greatest impact on reducing the size and annual growth of the illegal resident population. The strategy established the following five areas: (1) identify and remove criminal aliens and minimize recidivism; (2) deter, dismantle, and diminish smuggling or trafficking of aliens; (3) respond to community reports and complaints about illegal immigration; (4) minimize immigration benefit fraud and other document abuse; and (5) block and remove employers' access to undocumented workers. For these to be effective, INS needs better data to determine staff needs, reliable information technology, clear and consistent …
Date: June 19, 2002
Creator: United States. General Accounting Office.
Object Type: Text
System: The UNT Digital Library
Waste Cleanup: Implications of Compliance Agreements on DOE's Cleanup Program (open access)

Waste Cleanup: Implications of Compliance Agreements on DOE's Cleanup Program

Testimony issued by the General Accounting Office with an abstract that begins "Compliance agreements between the Department of Energy (DOE) and its regulators specify cleanup activities and milestones that DOE has agreed to achieve. The 70 compliance agreements at DOE sites vary, but can be divided into three main types. These are: (1) agreements specifically required by the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 to address cleanup of federal sites on EPA's national priorities list or by the Resource Conservation and Recovery Act of 1976 to address the management of mixed radioactive and hazardous waste at DOE facilities; (2) court-ordered agreements resulting from lawsuits initiated primarily by states; and (3) other agreements, including state administrative orders enforcing state hazardous waste management laws. DOE reported completing about 80 percent of its milestones by the time originally scheduled in the agreements. The cost of complying with these agreements is not specifically identified in the DOE budget submitted to Congress. Individual DOE sites develop annual compliance cost estimates as part of their budget requests. However, DOE headquarters officials adjust those individual site estimates to reflect national priorities and to reconcile various competing demands. Compliance agreements are site-specific and are not …
Date: July 19, 2002
Creator: United States. General Accounting Office.
Object Type: Text
System: The UNT Digital Library
Social Security: Long-Term Financing Shortfall Drives Need for Reform (open access)

Social Security: Long-Term Financing Shortfall Drives Need for Reform

Testimony issued by the General Accounting Office with an abstract that begins "Social Security not only represents the foundation of our retirement income system; it also provides millions of Americans with disability insurance and survivor's benefits. Although the Social Security Trustees now project that under the intermediate or "best estimate" assumptions the combined Social Security Trust Funds will be exhausted 3 years later than in last year's estimates, the magnitude of the long-term funding shortfall is virtually unchanged. Without reform, Social Security, Medicare, and Medicaid are unsustainable, and the long-term impact of these entitlement programs on the federal budget and the economy will be dramatic. Social Security reform is part of a larger and significant fiscal and economic challenge. Absent reform, the nation will ultimately have to choose between persistent, escalating federal deficits, significant tax increases, or dramatic budget cuts. Focusing on trust fund solvency alone is not sufficient. Aiming for sustainable solvency would increase the chance that future policymakers would not have to face, on a recurring basis, the difficult questions of whether the government will have the capacity to pay future claims or what else will have to be squeezed to pay those claims. Comparing the beneficiary impact …
Date: June 19, 2002
Creator: United States. General Accounting Office.
Object Type: Text
System: The UNT Digital Library