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National Review: Social Security Privatization a Winning Issue

January 8, 2002

National Review, one of the nation’s leading conservative voices, has urged Republicans to embrace Social Security privatization as a winning campaign issue. Praising the final report of the President’s Commission to Strengthen Social Security, the magazine notes that many Republican congressmen have been slow to embrace the commission’s work. However, the magazine editorializes:

They are making a mistake. Democrats are going to tag Republicans as enemies of Social Security and the elderly no matter what. Instead of responding defensively, they should rally the majority of voters who support private investment accounts. They know that it’s better to own wealth than to rely on politicians’ promises—especially at a time of economic uncertainty. Investors have gotten through a bare market without panicking. Republicans should follow their example.

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"Thursday's staff report 'does a terrific job of setting out both the stick and the carrot: the stick in the form of the financial crisis and the carrot in the form of a better Social Security system,' said Michael Tanner, director of the Social Security Privatization Project at the Cato Institute, a libertarian think tank that has strongly influenced the Bush administration's work in this area."

- Los Angeles Times
July 202001