Network News

X My Profile
View More Activity

Social Security privatization: Toast?

The other day I ran into one of America's most venerated political writers and I asked about the status of Bush's Social Security plan.

"Toast," he said. "Toast!"

I believe him. But it's possible that privatization still has some life in it. I called my friend M, who knows the Hill better than anyone, and he noted that the private sector is about to launch a multi-million-dollar advertising campaign in support of private S.S. accounts. M doesn't think anyone should underestimate the political skill of the Bush camp: "If they can turn John Kerry from a decorated war hero into a sniveling wimp, they can turn private accounts into a good idea."

Sure costs a lot, though, even if those costs are just "transitional." A trillion here, a trillion there, you're starting to talk about real money. The killer for Bush is that his plan doesn't actually address the long-term fiscal problems in the entitlement programs. Politically it sure looks like Hillary's Health Care at the moment.

The venerated one says Bush will now stick with foreign policy.

By Joel Achenbach  |  March 14, 2005; 6:33 AM ET
 
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: Rattling
Next: Voyager Turned Off?

No comments have been posted to this entry.

The comments to this entry are closed.

 
 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company