Monday, November 15, 2010

Peter Orzag's Position On SS Reform

Orzag was formerly the head of the CBO and the OMB. Nobody knows these numbers better than Orzag. His view is that the proposal on SS reform developed by Obama's budget commission is not a bad start. He understands that SS is not the biggest budget problem that we face long-term but it is something that we can deal with by starting with the recommendations of the commission. He also thinks that its a good idea to build on a system that does not include the privatization of SS that Bush advocated unsuccessfully.

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