11/19/2004

Brad DeLong's Semi-Daily Journal: A Weblog: Why Oh Why Are We Ruled by These Morons? (Social Security "Reform" Department

Brad DeLong's Semi-Daily Journal: A Weblog: Why Oh Why Are We Ruled by These Morons? (Social Security "Reform" Department
Jackie Calmes of the Wall Street Journal reports:

WSJ.com - After Fallujah, Election Worries Grow: SOCIAL SECURITY FIRST: Tax reform will follow in 2006. Bush advisers say the timing reflects that the president has no tax plan yet; he is to name a bipartisan advisory panel by year's end. "If the president doesn't know what he's going to do with tax reform after all this time, how's a commission going to help him?" asks Reagan economist Bruce Bartlett.

Allies doubt Bush can win both huge initiatives, and wonder if Treasury Secretary Snow is up to taking the lead. On Social Security, Congress' Republican leaders tell Bush he'll have to offer more details and take bigger role than he has in past. But advisers say Bush won't spell out how to cover transition costs for new private accounts....

"Won't spell out how to cover transition costs for new private accounts." I presume this means that the budget deficit is going to leap upward again?

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