... And Here's The Solution

Private Social Security accounts are fine. But fiscal accountability has to follow

In Washington last week, the Democrats rehearsed a new line: President Bush is approaching Social Security reform the same way he entered Iraq--precipitously, declaring a crisis where none exists, creating a solution that promises to be disastrous. They were also, privately, mystified. Why was George W. Bush choosing to waste his honeymoon political capital on this particular can of worms? The polls indicate no great public clamor to change the system (and the Democrats were right about the absence of a crisis--there is a Social Security problem; there is a Medicare crisis). Indeed, there were rumblings of discontent among congressional Republicans,...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!