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Social Security to be Top Domestic Priority for Bush

November 9, 1999

Social Security to be Top Domestic Priority for Bush Over the weekend, George W. Bush's top economic advisor stated that Bush would make Social Security reform incorporating personal retirement accounts "his first major expenditure of political capital." Former Federal Reserve Board Member Lawrence B. Lindsey told the Washington Times that Bush's proposals "will certainly involve privatization or personal accounts."

Michael Tanner, Director of Cato's Project on Social Security Privatization, reacted enthusiastically to the news. "There is no policy better for the economic security of the country and the retirement security of seniors than Social Security privatization," Tanner said. "That Bush is willing to spend political capital on social security reform is an encouraging sign."

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"These days, the eyes of Cato officials are gleaming at the prospect that privatizing Social Security, a project on which the 24-year-old think tank has worked for years, may be coming to fruition. If privatizers can overcome a few problems that worry their own supporters, it could be a bold new future, with Cato ideas leading the way."

- Hartford Courant
Feb. 26, 2001