For more information, contact Toni Searle, 216-368-4443 or amf2@po.cwru.edu.

Posted 10-19-00

Debate is on privatizing Social Security

CLEVELAND -- Case Western Reserve University's Center for Policy Studies will sponsor a public debate -- Decision 2000: Should Social Security Be "Privatized?" -- at 4 p.m. Thursday, October 26 in Hatch Auditorium in the Baker Building.

This free public event will feature Michael Tanner, director of health and welfare studies for the Cato Institute, in favor of privatization, and Peter Orszag, president of Sebago Associates Inc. and a lecturer in economics at the University of California at Berkeley, in opposition to privatization.

Tanner founded Cato's Project on Social Security Privatization, considered a leading impetus for transferring Social Security funds into private savings programs. Orszag was a senior staff member of President Bill Clinton's Council of Economic Advisers and then special assistant to the president for economic policy, and helped shape the Clinton administration's consideration and eventual rejection of privatization.

Jonathan Entin, CWRU professor of law, will moderate the debate. He will be joined by two Social Security experts who will pose questions to Tanner and Orszag -- Jagadeesh Gokhale, an economic advisor for the Federal Reserve Bank of Cleveland, and Joseph White, CWRU professor of political science and director of CWRU's Center for Policy Studies. Questions from the audience will follow the debate.

"Social Security is the most important issue in this election because not only do the candidates disagree strongly, but Congress and the President can control the program directly, unlike education or the broader economy," White argues. "Moreover, Congress is so closely divided that the president's position should be crucial."

For information, call 216-368-2690.

-CWRU-

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