Aug 12, 2009

Summers On Social Security "Reform"

From Edmund Andrews' The Caucus blog at the New York Times:
Lawrence Summers, director of the White House National Economic Council, told a conference of economists in Washington on Tuesday that President Obama would probably start addressing the needs of Social Security before the end of his term. ...

Mr. Summers seemed intent on signaling that Mr. Obama’s idea of “reform” would be to strengthen the program rather rather than to partly privatize it.
I have this feeling that before it is over the Obama health care plan will come to include some "fix" for Social Security. President Obama keeps promising that his health care plan will not cost the Treasury any money yet so far his administration has not offered a plan for offsetting the costs of the health care plan. Social Security "reform" offers a means of offsetting these costs. Administration officials keep talking Social Security "reform." I am probably adding 2 + 2 and getting not 4 or even 5, but 13. We shall see.

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