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Dallas Morning News Criticizes both Democrats and Republicans on Social Security

August 21, 2002

Columnist Jim Mitchell of the Dallas Morning News questions both Democratic campaign tactics and Republican resolves in a column entitled "Mums the Word on Privatizing Social Security." Mitchell purports that with deficit spending eating up the surplus meant to fund transition, recent market losses, and campaign politics, advocates of personal accounts are reluctant to champion the issue of reform for fear of backlash at the polls.

Republicans, asserts Mitchell, are guilty of "missing a window of opportunity" by refusing to address Social Security reform head on. With Democrats engaging in scare tactics that might push Republican candidates "squarely onto politics' lethal third rail," and Republicans continuing to "run scared" Mitchell questions: "Where is the political will to make the hard choices that are necessary to rescue the Social Security system from its collision course with insolvency? How much longer will it be before lawmakers have the courage to stick more than a big toe into these political waters?" Although the current economic climate might have "tempered enthusiasm" for personal accounts, sooner or later Mitchell says, "the United States must change Social Security's pay–as– you go formula."

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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