Steve Moore on Personal Accounts

Andrew Roth

All hope for Social Security reform is not lost. Steve Moore explains why in this article published in the Weekly Standard:

For eight weeks now the White House has been romancing the few remaining moderate Democrats in Congress with compromises and concessions to gain even a tepid endorsement for personal accounts. Each overture has been spurned. Whether Republicans offer tax hikes, benefit cuts, add-on personal accounts paid for out of general revenues, and even means-testing, the response has been the same: no to personal accounts. The left's inalterable and irrational opposition to private accounts parallels their aversion to concepts like school vouchers. In both cases it seems to matter not a whit to congressional Democrats that the beneficiaries of reform would be the very minority and low-income workers they claim to champion.

Read it all.
Posted by Andrew Roth on April 10, 2005 9:36 AM to Social Security Choice