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July 12, 2005

The Republican Social Security Proposal Tries to Evolve

There's certainly no sign here of Intelligent Design. Mark Thoma writes:

Economist's View: Social Security Reform Follies Not Yet Iced: I thought I’d take a few minutes to bring you the latest I can find on Social Security reform... this from The Washington Times. If this is accurate, the reform effort isn't dead yet:

Republicans retrench on Social Security fix, By Amy Fagan, The Washington Times: Six months after Republicans began selling Social Security reform, they all but acknowledge that wide-scale changes won't happen this year. But knowing they must do something, they are pushing a narrower Social Security proposal... a solvency fix... doesn't seem likely... leaders couldn't achieve consensus in the House... but they also couldn't face the 2006 electorate without acting on the president's wishes. Therefore... they combined private accounts, which most Republicans support, with the popular idea of stopping the government from raiding the Social Security surplus.... "If it works, you've got a great victory. If it fails [in the Senate], well you don't get hurt," he said....

...It looks like the strategy is to get something to a vote, anything, then blame Democrats for obstructing reform...

And, of course, the DeMint proposals don't do anything about "stopping the government from raiding the Social Security surplus": no pay-go, no sequesters, no procedural changes to make it hard or impossible to run an on-budget deficit.

It's not clear whether Amy Fagan doesn't know that this DeMint proposal doesn't do anything to protect the Social Security surplus, or knows and doesn't care that what she writes is not accurate.

Posted by DeLong at July 12, 2005 03:17 PM