Political Marketplace

Larry Kudlow

The White House is not giving up on Social Security and is not looking for an exit strategy, says Bush economic czar Al Hubbard, according to the Financial Times. Nor will the President give up on personal savings accounts. Right on, Mr. Bush, but please emphasize the positives of ownership and investment return, a real investor lockbox. Also on the security front, a group of house Republicans will submit legislation to stop the raid and start the personal accounts. Meaning the $2 trillion surplus estimated over the next decade should be used to start new savings accounts with some form of marketable Treasury securities. They hope to persuade Bill Thomas to include this in his upcoming retirement bill.
Posted by Larry Kudlow on June 21, 2005 9:36 AM to Social Security Choice