Last updated on: 4/27/2010 | Author:

Peter R. Orszag, PhD Biography

Former Director of the White House Office of Management and Budget (OMB)
Con to the question "Should Social Security Be Privatized?"

“[T]he individual accounts themselves would worsen Social Security’s balance over the next 75 years. Moreover, the individual accounts would have an adverse effect on Social Security’s financial condition on a permanent basis, rather than just during a ‘transition period’.”

Cowritten with Peter A. Diamond, “Reducing Benefits and Subsidizing Individual Accounts: An Analysis of the Plans Proposed by the President’s Commission to Strengthen Social Security,” Center on Budget and Policy Priorities website, June 2002

Involvement and Affiliations:
  • Director, White House Office of Management and Budget (OMB), Jan. 20, 2009-July 2010
  • Member, Institute of Medicine, National Academies of Sciences
  • Director, Congressional Budget Office, Jan. 2007-Dec. 2008
  • Senior Fellow in Economics Studies, Brookings Institution, 2001-2007
  • Former Director and Co-founder, Hamilton Project, Brookings Institution
  • Former Director, Retirement Security Project
  • Former Co-director, Tax Policy Center
  • Former Special Assistant to the President, National Economic Council
  • Former Member, Council of Economic Advisors
  • PhD, Economics, London School of Economics, 1997
  • MSc, Economics, London School of Economics, 1992
  • BS, summa cum laude, Economics, Princeton University, 1991
  • None found
Quoted in:
Pro & Con Quotes: Should Social Security Be Privatized?