Jan 11, 2007
Split Circuits On Internal Manuals
For Those Worried About Social Security Furloughs
We had an interesting lunch in our offices today with Paul Anderson and Susan Becker of the public affairs shop at the Government Accountability Office. They noted that like executive branch agencies, GAO has been working through contingency plans for what to do if Congress enacts a measure essentially freezing its funding this year. And also like other agencies, among the possibilities GAO is considering is employee furloughs. Interestingly, congressional staffers have responded to this possibility by asking GAO officials what would happen if the House and Senate prohibited them from using furloughs to cut costs.
Inspector General Issues Report
Jan 10, 2007
Astrue's Nomination Sent Back To Senate
House Ways And Means Business Meeting Posponed
Texas Woman Pleads Guilty To Social Security Fraud
Social Security Fraud In Sacramento
The President's Notion Of Social Security Reform
U.S. President George W. Bush would prefer not to boost Social Security taxes, but is ready to listen to all ideas on entitlement reform, the White House said Tuesday, declining to explicitly rule out the idea of a tax hike. ...Bush has tasked Treasury Secretary Henry Paulson with working with lawmakers on a fix for the ailing Social Security system. The talks, conducted behind closed doors, have triggered speculation that a bipartisan compromise could include raising the $97,500 limit on income subject to the Social Security payroll tax and adopting Bush's proposed personal retirement accounts.
Asked if taxes were off the negotiating table, Snow said, "We never said that they were on the table." ...
Democrats have shown no willingness to accept retirement accounts, particularly if they are funded by payroll taxes. Investment accounts, however, remain at the top of Bush's Social Security reform agenda.
"We'll let the debate proceed, but you know what the president's bright lines are: he believes it's important to have an investment component that allows people to take advantage of the far superior rates of return that one gets investing in a market place," Snow said.