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Federal Budget Policy

Class Thirteen -- March 13, 2014

With today's class, we will turn our attention to entitlement reform and related topics. We will begin our discussion with two Supreme Court cases involving Social Security. The first upholding the program's constitutionality and the second dealing with Congress's authority to make benefit changes. We will then discuss Chapter 13 of Fiscal Challenges, in which John Harrison explores New Property, Entrenchment and the Fiscal Constitution. If time permits, we may also delve into a September 2013 CBO report on long-term budget projections.