President Bush has a plan to fix social security. Democrats have been faulted for not responding with a plan of their own although alternative suggestions exist.
One of those alternative plans is getting a good deal of attention. MIT economist Peter Diamond’s recipe for fixing Social Security doesn’t include President Bush’s progressive price indexing.
Hear a conversation with Peter Diamond about what he thinks should be done to fix Social Security and what he thinks is wrong with Bush’s proposal.
Guests:
Peter Diamond, professor of economics at MIT, co-author of a public-pension overhaul plan.;
Maya MacGuiness, president of the Committee for a Responsible Federal Budget at the New America Foundation, a Washington think tank. She was social security advisor to the McCain for President campaign.
