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Center for American Progress on Social Security Upgrades

From the Center for American Progress comes a really well written proposal for tweaking Social Security from Richard Ball. Who is he?

"Robert M. Ball served as Commissioner of Social Security under Presidents Kennedy, Johnson, and Nixon, served on many statutory advisory councils, and on the biparisan commission that produced the 1983 amendments."


Here are his ideas for Social Security upgrades...not "reforms" has he points out.

"There is no good reason to "reform" Social Security. Social Security has not failed. What is needed are some relatively small changes that are desirable in any event and that would improve the fairness and efficiency of Social Security, while at the same time improving its financing. Diverting Social Security funds into private accounts as proposed by the president only makes basic retirement benefits uncertain and the program more difficult to finance. "
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5/05/2005 11:26:00 AM

Clinton on GMA:

"Snow: When you were President you talked about Social Security. In fact, you had a Social Security drive at one point to try to reform it. The President now is laying out some new ideas about how to keep it solvent and the Democrats have mostly been saying no, no, no. Do the Democrats need to move, do they need to compromise and negotiate with this president on Social Security?


Clinton: Well, I think they need to come up with a plan of their own. But I don't think it's fair to criticize them for not having done it now. I mean, when I was President it was my job to come up with plans, and if you are in the congressional majority it's your job. We are in the minority in both houses and we needed to wait until they made their proposal and come back. We didn't have a proposal until a couple days ago.

Snow: But they shouldn't just let it lie.

Clinton: No I think we shouldn't let it lie . . . I think the Democrats should say what they are for on Social Security in the next couple weeks; they got time to put together a program. I think it should include an opportunity for people to participate in savings and ownership uh, they don't have to do private accounts because they can't figure out how to borrow the money. . . . but I think that the Democrats should have a plan and they should talk to the President and the congressional Republicans about it."    



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