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...Political Columnists to mention the same politician favorably two weeks in a row, but Graham has forced it upon me. He excoriated the Attorney General-designate Alberto Gonzales last week for allowing the White House to loosen the rules on torture. This week, praise goes to his Social Security reform plan. Graham actually approaches fiscal sanity. He would offer individuals a chance to invest up to $1,300 of their payroll taxes per year in any of five government-approved funds, ranging from stock indexes to private bonds to government paper-or to stay in the current system. He would...

Author: /time Magazine | Title: ...And Here's How To Do It | 1/16/2005 | See Source »

...that the industrial-age social safety net can be improved for the information age-should not dismiss this simply because it involves Bushian private accounts. Graham is not without powerful Republican allies; he is close to Charles Grassley, the Senate Finance Committee chair whose support is crucial to any reform. In fact, if the President is serious about personal investment accounts, he should take a close look at Graham's plan...

Author: /time Magazine | Title: ...And Here's How To Do It | 1/16/2005 | See Source »

GEORGE W. BUSH, U.S. President, urging domestic pensions reform...

Author: /time Magazine | Title: Bizwatch | 1/16/2005 | See Source »

...Washington last week, the Democrats rehearsed a new line: President Bush is approaching Social Security reform the same way he entered Iraq--precipitously, declaring a crisis where none exists, creating a solution that promises to be disastrous. They were also, privately, mystified. Why was George W. Bush choosing to waste his honeymoon political capital on this particular can of worms? The polls indicate no great public clamor to change the system (and the Democrats were right about the absence of a crisis--there is a Social Security problem; there is a Medicare crisis). Indeed, there were rumblings of discontent among...

Author: /time Magazine | Title: ... And Here's The Solution | 1/16/2005 | See Source »

...will eventually feel the same allegiance to Bush and the Republican Party that their grandparents felt for F.D.R. and the Democrats. And beyond the politics and ideology, there is the President's style: Bush loves bold. He sneers at small, is annoyed by niggling. If you're going to reform Social Security, why not Roto-Rooter it? In this particular case, he has a point...

Author: /time Magazine | Title: ... And Here's The Solution | 1/16/2005 | See Source »

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