Thursday, April 14, 2005

 

More on LaTourette

In 2004, Project Vote Smart polled congressional candidates about their views on a number of issues including Social Security.

Candidates were asked if they support any of the following proposals:
  1. Allow workers to invest a portion of their payroll tax in private accounts which they manage themselves.

  2. Allow workers to invest a portion of their payroll tax in private accounts managed by private firms contracted by the government.

  3. Invest a portion of Social Security assets collectively in stocks and bonds instead of United States Treasury securities.

  4. Increase the payroll tax to better finance Social Security in its current form.

  5. Lower the annual cost-of-living increases.

  6. Raise the retirement age for when individuals are eligible to receive full Social Security benefits.

  7. "Other" or "expanded principles"
LaTourette wrote that he supported #1 and #3. #1 IS the Bush plan. Actually, it is the riskest version of the Bush plan because even his supporters have retreated and morphed the plan into something closer to #2.

|

<< Home

This page is powered by Blogger. Isn't yours?