Word: moynihan
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...makings of a classic Type B panel. It was created by the White House to produce a specific result--Executive Order No. 13210 requires its final report to propose creation of voluntary individual-investment accounts to augment the program. Chaired by former New York Senator Daniel Patrick Moynihan and Richard Parsons, co-chief operating officer of AOL Time Warner (the parent company of TIME), the panel is loaded with members and staff sympathetic, if not enthusiastic, about privatizing part of the Social Security system...
...widow who has never worked but gets more than the retired widow who did. And the panel is right to argue that it is far better to tackle the problem now than in 20 years. "There's no question that the do-nothing plan is the most popular," Moynihan told TIME. "About 500 members of Congress support it already. Just keep it up, and it will lead to a disaster...
...commission's co-chairmen, former New York Democratic Sen. Daniel Patrick Moynihan and AOL-Time Warner executive Richard Parsons, painted a dire picture in their draft report. Unless repaired, Social Security will need tax increases or "massive" deficit spending by Congress to keep it afloat, their report warns. By 2020, Social Security's shortfall will equal the combined budgets of Head Start, the Women, Infants and Children nutrition program, the Environmental Protection Agency, plus the Education and Commerce departments. Baby boomers will be shortchanged. Women, minorities and the poor will suffer...
...George W. Bush, saying "we can postpone action no longer," announced his 16-member Social Security panel charged with putting the nation's oldest entitlement on firmer financial footing. Democrats claimed that the panel, to be led by former New York senator Pat Moynihan and AOL Time Warner exec Richard Parsons (corporate overlord of this publication), is a pre-cooked group sure to recommend some version of the partial privatization plan that Bush pushed during his campaign. And they're probably right...
...always orchestrated to achieve pre-cooked outcomes. The trick for an administration is to come up with a grouping that appears to have been formed to look at the wide range of options. Smartly, the White House put pro-privatization Democrats to work, including former New York Senator Pat Moynihan. That helps deflect charges of table-rigging by allowing the White House to say the group is "bipartisan...