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Commission Report Will Not Be Delayed

October 23, 2001

The President’s Commission to Strengthen Social Security expects to release its final report in early December as planned, according to sources close to the commission. There had been speculation that in the wake of the September 11th terrorist attacks, the commission might delay its report until spring. Commission co-chair Daniel Patrick Moynihan was reportedly seeking such a delay. However, the commission now appears to have reached a consensus that an extension will not be necessary. Sources also report that after a slow start, the commission is now making progress toward developing a plan to allow workers to invest a portion of their payroll taxes in individual accounts.

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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