« The Reaction to Greenspan's 2001 Testimony | Main | Duncan Black Tries to Teach Economics to the Wall Street Journal »

April 27, 2005

Grassley Tells Bush to Be Quiet

The Senate Finance Committee starts working. Dana Milbank reports:

Personal Accounts Are Not A Certainty: On the eve of the first congressional hearing on the restructuring of Social Security, Republicans on the Senate Finance Committee signaled that they will not insist that personal accounts be part of the legislation and that they will not seek further details from President Bush about his plans for the government-run retirement program. In a briefing arranged by Republican staff on the committee and given to 60 reporters yesterday, a committee official involved in the Social Security discussions also said the legislation will move through the committee in June or July. The briefing was given on the condition that the official, who is an aide to Finance Committee Chairman Charles E. Grassley (R-Iowa), would not be named and that his remarks would not be directly quoted.

The official's account, given in preparation for today's hearing on various Social Security proposals, appeared to soften many of the statements Grassley had previously made.... In yesterday's briefing, the committee official asserted that the contours of Bush's plan for Social Security are already well known and that the panel did not believe the release of further details of the plan would be helpful.

Posted by DeLong at April 27, 2005 07:33 PM