The Wall Street Journal's Washington Wire blog contains the first media report on today's hearings before the House Social Security Subcommittee and Senate Finance Committee. Apparently, nothing was said about the reported dispute between Commissioner Astrue and Social Security Chief Actuary Stephen Goss. Social Security's finances were discussed but not any grand plan for cutting benefits or raising taxes. Social Security Subcommittee Chairman Earl Pomeroy predicted only "modest adjustments" to Social Security.
I rather doubt that a petty bureaucratic conflict is a major concern of the Committee. Solvency is.
ReplyDeleteThe Trust Fund has 2.5 Trillion bucks in it. If that's not solvent, I don't know what is. Nancy Ortiz
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