« How To Pay For Transition Costs | Main | Arthur Levitt on Personal Accounts »
April 26, 2005
And So It Begins
The Washington Post is reporting thatThe Republican head of the Senate Finance Committee lambasted Democrats and other critics of Social Security overhaul Tuesday, accusing them of offering no ideas of their own on how to keep the system from crashing. Sen. Charles Grassley, R-Iowa, said that doing nothing will trigger at least a 28-percent cut in benefits by 2041, showing why the current Congress should work on changes to achieve "sustainable solvency."The Senator continued making good points:
"Doing nothing is not an option, because doing nothing is a cut in benefits," the senator declared. "Grandpa Grassley gets Social Security, but my granddaughter, when she retires 56 years from now, if we do nothing, is going to get this cut that you're talking about. You can rationalize it all you want to, but by golly, she's entitled to what I got, because her dad and younger people are paying for it."Others on the panel were "Peter Orszag, a Clinton administration official who opposes privatization; Peter Ferrara of the Free Enterprise Fund and Michael Tanner of the Cato Institute, both of whom support privatization; and Joan Entmacher, vice president of the National Women's Law Center." I spent Tuesday at a Social Security Journalism Conference at the Heritage Foundation. My liveblogging can be seen at Redstate.org. But the most important thing I learned was that Michael Tanner of CATO is the most well-versed person in D.C. on the issue of Social Security Reform. If you catch him on TV or speaking in your area, he is worth seeing. And if I were in charge of the pro-PRA strategy, Mr. Tanner would be out in front making the arguments.
Posted by Adam Doverspike at April 26, 2005 3:40 PM | Print
Trackback Pings
TrackBack URL for this entry:
http://www.socialsecuritychoice.org/cgi-bin/mt/mt-tb.cgi/5724