Chuck Blahous, the former Social Security adviser to George W. Bush, told me in an interview that Bush’s signature initiative to establish personal investment accounts with Social Security taxes may no longer be possible.
Opposition to the accounts, as you may remember, became the rallying cry for Democrats as they scuttled Bush’s 2005 attempt to reform Social Security. But many Republicans, including Blahous, think the issue was a red herring and believe Democrats would have opposed Bush whether the accounts were part of the initiative or not.
The interview with Blahous was conducted as part of a piece I did for The Daily Caller, published today, on Blahous and new book he has written.
Blahous’s book, Social Security: The Unfinished Work, has a lot of interesting information on the program, its history, and various proposals for reforming it. And Blahous of course details his prescriptions for fixing Social Security’s financial shortfall without raising taxes.