>>re: "Are you referring to the last, not yet completely plundered, asset of this country, the Social Security System, and the potential privatization thereof?"
SMH
==============================================================================
==============================================================================
Bingo!
We have a winner... more Sunday.
SOTB
Sun Oct 8, 10:23 PM ET
When it comes to treasury secretaries,
President Bush may find that the third time is the charm.
His latest — former Goldman Sachs chief executive Henry Paulson — has sent a strong signal in his first three months that the
Treasury Department once again is a player in economic policy debates.
Paulson has staked out U.S.-China relations as his special prerogative. He also has let it be known that he plans to tackle the government's biggest budget headache — the strains on
Social Security and Medicare from the looming retirement of 78 million baby boomers.
His latest — former Goldman Sachs chief executive Henry Paulson — has sent a strong signal in his first three months that the
Treasury Department once again is a player in economic policy debates.
Paulson has staked out U.S.-China relations as his special prerogative. He also has let it be known that he plans to tackle the government's biggest budget headache — the strains on
Social Security and Medicare from the looming retirement of 78 million baby boomers. .....
In his first major speech as secretary, Paulson said the growth in Social Security, Medicare and Medicaid was the "biggest economic issue facing our country." He said trying to find a solution was a leading reason that he took the job.
That could prove to be a tall order, however, given the glaring lack of success Bush had in 2005 with a proposal to partially privatize Social Security. It went nowhere in Congress.
"If Paulson can move the ball forward on entitlement reform, that will be a major test of whether his heavyweight reputation can deliver on something that is extremely important for the country economically," said Nicholas Lardy, an economist at the Institute for International Economics.
news.yahoo.com |
