From a Wall Street Journal editorial page piece penned by Biggs and published today:
For Biggs to talk about Obama undermining "the shared character that undepins [Social Security's] political support" is rich, since undermining Social Security's "shared character" is Biggs' purpose in life.Until recently, Sen. Barack Obama took a responsible position on Social Security, noting the urgency of reform and saying all options should be on the table.
But having cornered himself among Democratic activists whose attitudes toward Social Security reform range from demagoguery to denial, Mr. Obama has recently veered sharply left. He now proposes to solve the looming Social Security shortfall exclusively with higher taxes. [Obama's plan is to partially lift the cap on wages covered by the FICA tax] ...
If we want to retain the shared character that underpins its political support and distinguishes it from traditional welfare programs, we need to share the burdens of reform proportionately.