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Social security: The right fix. (Special Section: Retirement Insecurity).

American Prospect, The,  September, 2002  by Orszag, Peter

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LAST YEAR, PRESIDENT BUSH appointed a commission to design a Social Security reform that included voluntary individual accounts. Appointees chosen for the commission were all sympathetic to this partial-privatization approach. Before signing on, they also accepted the commission's charge of restoring long-term financial soundness without increasing payroll taxes.

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In December the commission presented three plans (called models). The political response has been intriguing. Congressional Republicans, evidently concerned about voter backlash, have kept their distance from the plans. ...

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