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August 07, 2005

Social Security Solvency

Andrew Samwick writes

Vox Baby: It's Been Mostly Dead All Day: The Administration should have backed away from a plan that would introduce personal accounts without specifically restoring solvency. From the outset (e.g. the President's 2001 Commission) personal accounts have been the sugar to make the medicine go down. The medicine is restoring solvency. And we particularly applaud Ben Bernanke for making it clear that taking the medicine is something to insist on. If that sucked the life out of the House measure, so be it. Nothing prevents them from starting over and making improvements...

Posted by DeLong at August 7, 2005 08:02 PM