Wednesday, July 27, 2005

It’s not too late to fix Social Security

From City Journal: “A Feasible Fix for Social Security

Conservative reformers greeted President Bush’s late-April proposal for “progressive indexing” of Social Security benefits with dismay—and prominent conservative leaders haven’t said much about it since. They’re wasting an opportunity. Yes, Bush’s proposal was meant as a giveaway to liberals—a politically calculated trade to win their support for reining in Social Security’s unsustainable growth. And it’s a fair deal, provided that conservatives get what they’ve always wanted from reform: personal accounts within Social Security, to entice millions of middle-income Americans to join the investor class.
A very good, comprehensive argument on how “this neat evolution does the opposite of killing Social Security.” Check it out.

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