Get Your Blog Up

“This administration is populated by people who’ve spent their careers bashing government. They’re not just small-government conservatives—they’re Grover Norquist, strangle-it-in-the-bathtub conservatives. It’s a cognitive disconnect for them to be able to do something well in an arena that they have so derided and reviled all these years.”

Senator Hillary Clinton

Monday, January 24, 2005

Place your bets

I'm guessing that sometime after the State of the Union address (check local listings), Bill Clinton will come out and discuss the very issue raised by the Washington Post. Any wagers on the day?
With their push to restructure Social Security off to a rocky start, Bush administration officials have begun citing two Democrats -- former President Bill Clinton and the late senator Daniel Patrick Moynihan -- to bolster their claims that the retirement system is in crisis.

But the gambit carries some risk, Bush supporters say. Clinton's repeated calls during his second term to "save Social Security first" were specifically to thwart what President Bush ultimately did: cut taxes based on federal budget surplus projections. Likewise, internal Treasury Department documents indicate that Moynihan, a New York Democrat who was co-chairman of Bush's 2001 Social Security Commission, expressed misgivings about the president's push to partially privatize Social Security.

Nonetheless, White House officials -- and some Democrats -- say invoking Clinton and Moynihan could help move the Social Security debate beyond the question of whether there is a "crisis" in the system, and on to what to do about it.

"As we move forward with our efforts to talk about the problem and the need for reform, administration officials are talking about what leaders of the Democrat Party have said about the problem," White House spokeswoman Claire Buchan said.

In public speeches recently, N. Gregory Mankiw, chairman of Bush's Council of Economic Advisers, and White House budget director Joshua B. Bolten, both cited the same passage of a 1998 Clinton speech at Georgetown University.

"This fiscal crisis in Social Security affects every generation," Clinton said in the speech.

But neither Mankiw nor Bolten cited another passage from the same address: "Before we spend a penny on new programs or tax cuts, we should save Social Security first. I think it should be the driving principle . . . Do not have a tax cut. Do not have a spending program that deals with that surplus. Save Social Security first."

"The Bush White House should have read Clinton's speeches before they squandered the Clinton surplus," said Bruce Reed, who was Clinton's domestic policy chief at the time of the speech.

Oh, and in case you are wondering:
Moreover, Clinton never proposed diverting Social Security taxes from current beneficiaries to private investment accounts, as Bush has suggested, Clinton aides said.