Archive » Social Security

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Finally, a liberal commentator capable of independent thought. Michael Kinsley admits that President Bush’s Social Security indexing proposal is “honest,” “courageous,” and “highly progressive”:
Above all, Bush was honest and even courageous about Social Security. Social Security is about writing checks: Money goes in, money goes out. As Bush has discovered in the last few months, [...]

The left side of the blogosphere has gone into full-blown spin mode regarding the effects of President Bush’s Social Security indexing proposal.
Here’s Josh Marshall:
let’s state specifically what this to-some-sexy-sounding proposal offers: steep benefit cuts for all but the lowest income Americans and meager increases in benefits for them. It’s hard to see how there’s anything [...]

“I propose a Social Security system in the future where benefits for low-income workers will grow faster than benefits for people who are better off,” President Bush said at his news conference last night. “This reform would solve most of the funding challenges facing Social Security.”
Democrats claim that Bush’s plan constitutes a “cut” in future [...]