James, I don’t speak for Larry Kudlow but I think his objections were both substantive and political. From my perspective I think Thompson’s idea has much merit and I give him credit for raising it. That said I am not unaware that it will be viciously attacked by seniors and by the Democrats if he is the candidate or another candidate makes a similar proposal. This is the infamous third rail. There is a good reason why Hillary played her cards so close to her vest in the last debate about her social security plans and why the other GOP contenders tend to simply list options other than tax increases for fixing the solvency problem.
