Two new Social Security


Two new Social Security plans from Senators Hagel and Bennett, reports the Associated Press. So now there is Tangerine and Strawberry phase-out to be added to plum version the president has already put on the table.

Each raids Social Security to set up private accounts.

Each includes steep cuts in benefits.

Each kicks off phasing out Social Security and replacing it with private accounts.

This is just an intra-Republican conversation about how to best structure phase-out. It can’t be of any particular concern or interest to those who don’t believe phase-out should happen at all.