We need to address this profligacy in a bipartisan manner. There is no shortage of strategies--hard spending caps in Congress; an end to certain tax cuts enacted when the fiscal outlook was brighter; a larger overhaul of the federal tax code to build simplicity and equity into the system. I would advocate some combination of these three approaches. But I doubt that Washington can get from here to there without some political cover. This was the job done by Alan Greenspan's Social Security Reform Commission in 1983. I'd set up a commission on taxes and spending. We simply cannot continue to avert our eyes from this gathering crisis.
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| 2008 Presidential contenders on Social Security: | |||
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Republicans:
Chmn.John Cox Mayor Rudy Giuliani Gov.Mike Huckabee Rep.Duncan Hunter Sen.John McCain Rep.Ron Paul Gov.Mitt Romney Sen.Fred Thompson |
Democrats:
Sen.Hillary Clinton Sen.John Edwards Sen.Mike Gravel Rep.Dennis Kucinich Sen.Barack Obama |
Third Parties:
Green: Rep.Cynthia McKinney Socialist: Brian Moore Independent: Mayor Mike Bloomberg | |
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