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July 14, 2005
Quotes of the Day
Jim DeMint had some excellent things to say about Social Security reform in Congress Daily ($) this morning:"I think it's a mistake to talk about benefit cuts or tax increases until we establish personal accounts, because once these personal accounts are established, I am convinced that we could see our way very quickly on how solvency could be created through just funding these personal accounts," said the bill's sponsor, Sen. Jim DeMint, R-S.C. ... "After people get their first statement that there is money in a Social Security account that they own, then we're going to have the political pressure we need to continue to grow those accounts," DeMint said. ... "We could find lots of ways to fund these accounts and create solvency without ever going back and cutting benefits, without ever raising a tax," he said.It's refreshing to hear a member of Congress correctly assert that personal accounts will help solvency. The PR job on this entire reform campaign was botched from Day One. Now, with DeMint leading the charge, I think we have finally corrected our course of action.
Posted by Andrew Roth at July 14, 2005 10:27 AM | Print
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