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Jun 11, 2007

McCrery And Rangel Working On Something

Some excerpts from a CNNMoney.com article:
Charlie Rangel [Chairman of the House Ways and Means Committee] and Jim McCrery [Ranking Republican on the Ways and Means Committee and former Chairman of its Subcommittee on Social Security] are on a mission to rescue Social Security from bankruptcy. ...

Neither man is willing to disclose details on those options [that they are working on]. ... "It's been very quiet and it's going to stay that way," McCrery says of the proposals they are discussing.

One thing that is clear: the Bush White House will not play a big role, if any, in this effort. "McCrery and I know that we don't need the President to revive Social Security reform," Rangel says, pointedly. "The President is locked into private accounts and that ain't gonna fly," says Rangel. "[Reform] is going cost a trillion dollars; it's a political problem we have. You can have all the bipartisan cooperation you want, but if you don't find someone who's going to pay for it, you're not going to do it."

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