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Knock knock knock ...From

Knock, knock, knock ...

From the Lawrence Journal-World: "Count U.S. Rep. Jerry Moran, of Hays, as a Republican who opposes President Bush's proposal to divert Social Security revenues into private investment accounts. 'I dislike the connection of those accounts with the Social Security system,' Moran said during a visit to the state Capitol. Moran said he feared the transition costs of diverting money from Social Security would add to the deficit and that taxpayers who didn't do well with their investments would eventually seek help from Congress."

First in a series

First in a series of great Fred Hiatt moments. This from Monday's column ...

"On domestic affairs the Democrats find themselves in a similar box. Since for the most part they cheerfully drank Bush's tax-cut Kool-Aid in 2001, you may not have much sympathy for their quandary."

Number of House Democrats who voted for the president's 2001 tax cut: 28. Number of senators: 12.

Im actually a little

I'm actually a little surprised Vice President Cheney said this. But if he wants to be upfront about the folly of his administration's proposal, who am I to complain?

This from Fox ...

"We're going to borrow $758 [b]illion over the next 10 years to set up the personal retirement accounts. We think that's a manageable amount ... Trillions more after that," Cheney said, acknowledging that the personal accounts will help younger workers but will not solve all the problems of solvency.


As the Fox interviewer, Chris Wallace, made clear in the interview, the $758 billion number is itself the product of a little numerical flimflam. As Wallace says at one point in the conversation, "Isn't that misleading? Because under <$Ad$> your plan, the accounts, the program wouldn't actually start til 2009. So, if you take the first full 10 years, when people can actually invest in the program, the cost is over $1 trillion, and for the following 10 years, it's $3.5 trillion. Isn't it a lot more expensive?"

In fact, I think it's considerably worse than Wallace says. But let's leave that aside and assume it was only what Cheney says.

As we've noted repeatedly here, the biggest threat to Social Security is our accumulated national debt -- actually, even more our accumulating national debt. If we only had the debt load we have now and weren't adding hundreds of billions of dollars every year because of the president's policies, we could probably grow our way out of it.

In any case, indebtedness is our problem. And Cheney's solution is to borrow many trillions more dollars over the next two or three decades, in addition to our existing structural budget deficits which are likely themselves unsustainable. And he and the White House now admit this will do nothing to improve the financial condition of Social Security.

Following any reasonable calculation the entire debate should end right there -- though I concede that rational calculation ain't what it used to be.

Look what we hear from the administration's own collective mouth. Their solution to the problem does nothing to solve the problem -- not me saying it, them saying it. However, it does cost trillions of dollars. In fact, it will cost -- by their own estimation -- much more over the next 20 years than it would to keep Social Security going strong for the next 75 years.

At what point does this proposed policy collapse under the weight of its own ridiculousness?

Bloomberg McCain who said

Bloomberg: "McCain, who said he supports the idea 'in principle,' said, 'there's a number of members of the Senate and House who are not happy about President Bush coming to a neighborhood near them.'"

Is Rep. Heather Wilson

Is Rep. Heather Wilson (R) of New Mexico on the level?

Wilson represents New Mexico's 1st congressional district, which is centered on Albuquerque. She won with 54% of the vote in 2004 and 55% in 2002.

We've been watching the constituent mail Wilson's been sending out on Social Security and it reads right from the Speech Code playbook, sounding like she opposes phase-out but not really saying that at all.

So for instance she says she opposes 'privatization'. But of course under the speech code rules, private accounts aren't 'privatization'. She also says "government should not invest Social Security funds in the stock market." That certainly sounds like it means she's against phasing out Social Security. But the key word here is "government". Under private accounts individuals would be investing their money.

I know it may seem like I'm reading this constituent mail a tad too closely at this point. But, as you can imagine, I've read a lot of this constituent mail at this point. And representative who want to carve private accounts out of Social Security routinely use this "I won't let the government invest" language.

All of this makes her no different from a slew of other members of Congress around the country who are trying to bamboozle their constituents on Social Security. The reason I note her, though, is that the AP is running a story today putting Wilson down as opposing the president's plan.

Rep. Heather Wilson, R-N.M., echoed Democrats' opposition to Bush's plan, saying she opposes efforts to invest even a portion of Social Security revenues in private accounts.

"I don't believe the government should invest Social Security taxes in the stock market," said Wilson, who represents New Mexico's Albuquerque-based 1st Congressional District.


So my question is this: Did the AP just get bamboozled by Wilson's word choice flimflam? Or is she just one of the only Republicans using the English language with its plain meaning when it comes to Social Security?

Better to reign in

Better to reign in the Club for Growth than serve in Congress?

We spoke on Friday about how Pat Toomey, cast out of Congress and down into the Club for Growth, had, with his associates and copartners, set about making war on his former Republican colleagues in Congress over Social Security phase-out.

The Syracuse Post-Standard picks up the story on one Toomey target: restored Conscience Caucus member Rep. Sherry Boehlert (R) of New York.

Birmingham Alabama Dems adopt

Birmingham, Alabama Dems adopt an anti-Social Security phase-out resolution.

In fact, Alabama turns out to be something of a hotbed of opposition to phase-out, among both Democrats and Republicans. Of which we'll say more later.

Conscience Caucus induction grab

Conscience Caucus induction grab bag ...

Rep. Mike Rogers (R) of Alabama. From the Montgomery Advertiser: "'I'm going to be a pretty hard sell,' said Rep. Mike Rogers, R-Anniston, of Bush's proposal to overhaul Social Security ... Rogers said the president's plan was 'too risky' for his constituents."I represent a poor district," he said, nonetheless praising Bush for attempting to strengthen Social Security. 'I applaud him for getting this up on the table,' Rogers said."

Rep. Joe Schwarz (R) of Michigan. From Gannet: "Another Republican, Rep. Joe Schwarz of Michigan, said Social Security 'has worked well for so long, I don't think it needs any wholesale change.'"

Rep. Tom Petri (R) of Wisconsin. From the Green Bay Press-Gazette: "Petri, meanwhile, has his own proposal that would limit personal accounts to newborns. Their parents would receive $1,000 from the government for investment in the Federal Thrift Savings Plan used by federal employees and the money could not be withdrawn until the infants reach retirement age. The Fond du Lac Republican doesn’t want to meddle with the benefits of current workers or retirees. 'I would like to hear him say that Social Security is a contract between the generations in the United States and that we will maintain and improve that contract, not undermine it,' Petri said."

Rep. Jo Ann Emerson

Rep. Jo Ann Emerson (R) of Missouri, early member of the Conscience Caucus, now upgraded to Loud and Proud status. More on this breaking development coming next week.

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