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Hearing Set for Social Security Nominee

September 19, 2001

The Senate Finance Committee will hold a hearing on the nomination of Jo Anne Barnhart to be commissioner of Social Security at 10 AM on Sept. 20, in 215 Dirksen Bldg. Some labor unions have been pressuring Senate Democrats to use these hearings to attack President Bush's proposals for allowing younger workers to privately invest a portion of their Social Security taxes. Barnhart, a supporter of individual accounts, is expected to be confirmed, but the hearings may provide an indication of how the debate will play out in the future.

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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