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Obama and Social Security

The New York Times is reporting that liberal Democrats are already resisting efforts by the Obama administration to do something about Social Security, and that in response, Obama shelved plans to announce a Social Security task force at today's White House "fiscal responsibility summit." If this report is accurate, that would actually make the summit even more of a farce than it is already shaping up to be, given that there's no way to address this nation's long-term fiscal nightmare without dealing with Social Security. 

View all comments (2) | Leave a comment

Dale Mader| 2.23.09 @ 12:40PM

I always assumed that the Dems resistance to Dubya's attempts to bring Social Security into long-term solvency was a manifestation of their personal hatred for the Prez. And, if the program was to be fixed, they wanted full credit. It now appears they are simply irresponsible, power-hungry dolts who don't give a damn about future generations.

chemman| 2.23.09 @ 2:57PM

Why would they want to reform it. As it currently works they can spend the excess and/or count it towards their budget "balancing" smoke and mirrors. Until it is treated like retirement accounts, invested and managed to grow, instead of used to fill government coffers it is nothing better than a welfare ponzi racket.

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More Blog Posts by Philip Klein

http://spectator.org/blog/2009/02/23/obama-and-social-security

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