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

Theoretical Expertise Ranking:
Individuals with PhDs, JDs, or equivalent advanced degrees in fields relevant to social security and related issues. Also top-level government officials (such as foreign leaders, US presidents, Founding Fathers, Supreme Court Justices, members of legislative bodies, cabinet members, military leaders, etc.) with positions relevant to social security and related issues.
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?