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GAO-07-621R 1 (2007-08-10)

handle is hein.gao/gaocrptavdg0001 and id is 1 raw text is: S=GAO Accountability * Integrity * Reliability United States Government Accountability Office Washington, DC 20548 August 10, 2007 The Honorable Henry A. Waxman Chairman Committee on Oversight and Government Reform House of Representatives Subject: Social Security: Costs Associated with the Administration's Efforts to Promote Program Reforms Dear Mr. Chairman: You requested that we 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 tour2 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. Your request 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 your 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 your 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 'Officially, Social Security is called the Old-Age, Survivors, and Disability Insurance program. 2This is the name given to the administration's plan to schedule at least 60 events across the country over a 60-day period to promote Social Security reform. 3-N-w.s t i.treas. ov, and Aww.whit house. o GAO-07-621R Social Security Reform Costs

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