Sen. Craig Thomas
(R) of Wyoming bailing out?
From the <$NoAd$>Jackson Hole News & Guide
Wyomingâs senior U.S. senator says the federal government must do something to change Social Security, but he is hesitant to embrace a plan for personal savings accounts put forth by the Bush administration.
Sen. Craig Thomas, R-Wyo., said the federal government may not be "financially able" to take on the expense of the private savings plan, which he pegged at $2 trillion. Thomas said it does not make good financial sense to reduce the amount of money flowing into the Social Security trust fund at a time when payouts to baby boomers are projected to increase.
"Iâm willing to talk about it, but Iâm not persuaded at this point," Thomas said Thursday during a meeting with News&Guide reporters.
I'm not sure we would have predicted Thomas for the Caucus. But he's number 6.
(ed.note: Thanks to TPM Reader JA
for keeping us up-to-date on what's going down in the Equality State.)