May 19, 2005
No Pozen, no plan
Robert Pozen, whose “progressive indexing” plan was firmly endorsed by the president at a high-profile press conference last month, has said that Bush should drop his plans for private accounts.
[Pozen] said Wednesday that Bush should “back away” from the other half [of his Social Security plans] – the insistence that individual investment accounts be created in the program…
“I would advise the president to say that carve-out accounts are no longer required,” Pozen said in an interview after a debate at the American Enterprise Institute with Brookings Institution scholar Peter R. Orszag, a leading critic of Bush’s proposal. Bush, Pozen said, should indicate that he is “willing to have a package that, if otherwise satisfactory, does not have carve-out accounts.”
So with Pozen gone, there’s… who, exactly?
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