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A CBO Paper: Evaluating and Accounting for Federal Investment in Corporate Stocks and Other Private Securities [i] (January 2003)

handle is hein.congrec/cbo0734 and id is 1 raw text is: A CBO PAPER Evaluating and Accounting for Federal Investment in Corporate Stocks and Other Private Securities January 2003 Notes Unless otherwise indicated, the years referred to in this paper are calendar years. Numbers in the text and tables may not add up to totals because of rounding. Preface Public interest has become widespread in having the federal government invest in private securities (such as stocks and bonds) as a way to increase the flow of budgetary resources to the government. This Congressional Budget Office (CBO) paper--prepared at the request of Senator Pete V. Domenici, in his capacity as Chairman of the Senate Budget Committee-- discusses the key effects of such investment on the U.S. economy and on the government's ability to meet its future obligations. The paper also describes alternative ways in which federal investment activity could be treated in the budget. Although some proposals call for investment to occur through individual retirement accounts, this report focuses on direct federal investment in private securities through the general fund of the Treasury, program accounts, or federal trust funds. Douglas Hamilton, Deborah Lucas, and Marvin Phaup of CBO prepared the paper under the direction of Robert Dennis and Roger Hitchner. Barry Anderson, Tumi Coker, Paul Cullinan, Peter Fontaine, Geoffrey Gerhardt, Arlene Holen, Ben Page, Robert Sunshine, and Thomas Woodward of CBO contributed to the report. Christian Spoor edited the paper, and John Skeen proofread it. Annette Kalicki prepared the electronic versions for CBO's Web site. Dan L. Crippen

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