Social Security Reform Is Not Just About Solvency
By Michael D. Tanner
Michael Tanner is director of health and welfare studies at the Cato Institute and editor of Social Security and Its Discontents (2004).
"Now that the elections are over, Democrats are suggesting a new willingness to address the need for Social Security reform. Max Baucus, D-Mont., incoming chairman of the Senate Finance Committee, announced plans to hold hearings on proposals to fix the program's looming financial crisis.
'All options are on the table,' according to House Majority Leader Steny Hoyer, D-Md., including tax increases, benefit cuts and changes in the retirement age.
Well, maybe not all options. Democrats remain unwilling to even discuss President Bush's plan for allowing younger workers to privately invest a portion of their Social Security taxes through personal accounts." Continue .....
Michael Tanner is director of health and welfare studies at the Cato Institute and editor of Social Security and Its Discontents (2004).
"Now that the elections are over, Democrats are suggesting a new willingness to address the need for Social Security reform. Max Baucus, D-Mont., incoming chairman of the Senate Finance Committee, announced plans to hold hearings on proposals to fix the program's looming financial crisis.
'All options are on the table,' according to House Majority Leader Steny Hoyer, D-Md., including tax increases, benefit cuts and changes in the retirement age.
Well, maybe not all options. Democrats remain unwilling to even discuss President Bush's plan for allowing younger workers to privately invest a portion of their Social Security taxes through personal accounts." Continue .....
posted by HeavyHanded at
5:08 PM
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