Robert Pozen, Architect of Bush's Social Security Plan, Tells Him to Back Away from Private AccountsSomervell County Salon-Glen Rose, Rainbow, Nemo, Glass....Texas


 

Robert Pozen, Architect of Bush's Social Security Plan, Tells Him to Back Away from Private Accounts
 


19 May 2005 at 3:58:28 PM
salon

Will Bush be reasonable or continue to stubbornly push his "plan" that few want?

Investment adviser Robert Pozen issued a statement saying Bush should indicate a willingness to back away from the private accounts if it meant he could get a deal to make other changes to Social Security.

"The president should not insist on carve out accounts if the Democrats support an overall legislative package for Social Security reform that is otherwise satisfactory to him," said Pozen. His plan to curb the growth of Social Security benefits for middle- and high-income workers was embraced by Bush at a news conference last month.

Pozen, who had served on Bush's Social Security commission, said there was a "lack of bipartisan support" for Bush's plan to let younger workers take part of their Social Security payroll taxes and invest it in stock and bond accounts.


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Comments

salon > Quick update on this, via Pacer-Click on pic to see larger (Turk Case Update- Telephone Conference Hearing Set for March 8 2019 )

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LanceHall > I see the land or that part of it is now in the hands of Glen Rose's own Corky Underwood. Is Jacene still involved?   I had already informed the Visitor Bureau manager (who's.... (What Happened to Jerry Jacene? )








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