Friday, March 04, 2005


A Times editorial today addresses the Social Security question we raised yesterday by criticizing Bush and his allies for apparently wanting to use any rise in the wage cap to fund private accounts as opposed to insuring Social Security's long term future - another example of Republicans wanting to have their cake and eat it too. Also reported on the front page of the Times was Alan Greenspan's comments to Bush's advisory panel on overhauling the tax code which included quotes from John Breaux and Bill Thomas that any changes in Social Security should be combined with legislation reforming the tax code. So far the administration has resisted this approach but it may become an appealing back-door option if they fail to build any momentum for their current phase-out plan.

As we've stated before, a good question for Democrats right now is what they should do if the administration tries this approach.

...Somerby has it exactly right.

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