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Friday, August 12, 2005

Administration Not Backing Off Private Accounts

There was a report in the Financial Times recently indicating that the administration may be backing off private accounts to focus on solvency. The report didn't sound right to me.  John Snow settles the issue:

Private accounts key to Social Security fix – Snow, Reuters: Private accounts remain integral to the Bush administration's proposed overhaul of ... Social Security ... Treasury Secretary John Snow said on Thursday. "Personal accounts are an essential component of any solution to Social Security" … Asked if the Bush administration would have to choose between ... solvency or ... personal accounts … Snow said both priorities were important. "We're going to try for the whole reform package … with personal accounts as an integral part of the final solution" ...

They aren’t backing off.

    Posted by on Friday, August 12, 2005 at 12:24 AM in Economics, Politics, Social Security | Permalink  TrackBack (0)  Comments (3)

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