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Author: MrCheeryO Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 62074  
Subject: The Biggs Plan Date: 2/21/2007 3:23 PM
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Mr. Biggs was nominated to be #2 at Social Security by Bush. His popularity at CATO a tip-off, and some indication of his seriousness. Like with all the "conservatives" he's all over the map.

Typical, he says in 2000, when America was on a bit of a path to responsibility--even Bush admitted surpluses as far as the eye could see--SS was in big trouble. Of course Bush lied, lied a thousand times more, and things much worse now.

Typical of the complete joke private retirement accounts "plans" are--this is Mr. Biggs' suggestion on how to finance them.

Cutting Corporate Welfare Could Fund a Bush Social Security Plan,"
by Andrew G. Biggs and Maya MacGuineas, A Cato Daily Commentary, January 6, 2003. This article was published in the Los Angeles Times, December 31, 2002.
http://www.cato.org/dailys/01-06-03.html
http://www.cato.org/people/biggs.html

Of course since then, nothing but corporate welfare, layered over with pork, slathered with piggery, with a nice dressing of more welfare on top.

So give up any hope of private retirement accounts. Not a chance it will every happen because the advocates are as unserious as Mr. Biggs, #2.

Mr. Bigglesworth.
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Author: MrCheeryO Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 2648 of 62074
Subject: Re: The Biggs Plan Date: 2/21/2007 3:30 PM
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Andrew G. Biggs, Deputy Commissioner of Social Security

Mr. Biggs was nominated by President Bush on January 9, 2007, for a six-year term to expire January 19, 2013.
http://www.ssa.gov/legislation/nominations.html

Apparently Democrats are lining up to oppose his nomination.

They certainly should. Anyone living in a fantasyland that says private retirement accounts could be funded by "eliminating pork" is obviously unfit for the #2 position and has no idea how Congress really works, especially the last six years.

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