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Whither social security privatization?
Only one in three Americans approve of President Bush's handling of Social Security, his lowest rating on the issue since he took office. A USA TODAY/CNN/Gallup Poll conducted Friday-Sunday found that 35% approved of Bush's Social Security record, 56% disapproved and 9% had no opinion. That was down from three weeks ago, when 43% approved. In March 2001, just after he took office, 49% approved. (Related: Poll results)
Here is the story. Yes poll results are tricky but this suggests we will not get a large reform plan. I expect a face-saving measure with a tax increase on the FICA maximum, and a nominal nod to "private" accounts in the form of forced saving. As they say, be careful what you wish for...
Posted by Tyler Cowen on March 1, 2005 at 08:27 AM in Current Affairs | Permalink
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