The Demint And McCrery Social Security Plans
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(0)Overview: This paper published by Center on Budget and Policy Priorities states that whether one supports private accounts or not, the DeMint and McCrery proposals fail on the merits. The DeMint and McCrery proposals represent a distraction from three important debates: the debate over whether permanent private accounts funded by payroll tax contributions ought to be established; the debate over what measures should be instituted to restore solvency to Social Security; and the debate over what should be done to reduce the troubling budget deficit outside Social Security both in the near term and especially in the long term.
