Is Social Security Reform DOA?
Quentin Hardy: The idea that the White House was borrowing trillions of dollars for private social security accounts and putting it in the stock market thinking that some day a Congress with some real guts would be able to cut benefits is not going to work. But we should be grateful for what that means for the market. Steve Forbes: It’s DOA in that fact that the President never really put anything on the table, which is why the critics have had a field day with it. If you put something on the table then I think you can revive it and get something through. Mike Maiello, Staff Writer: If whatever we’ve been hearing about is dead than that is good for the markets, because the debt that we would have had to take on to do that non-solution solution would have killed us. Elizabeth MacDonald: To me this is very clear. If you set up private accounts, you do have to issue trillions of dollars in debt but you would have to issue that debt anyway to pay for future benefits. In other words, what t
