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Progress or Surrender?
by Jagadeesh Gokhale

Jagadeesh Gokhale is a senior fellow at the Cato Institute and former senior adviser to the Federal Reserve Bank of Cleveland.

After losing Republican majorities in both houses of Congress, the Bush Administration is reportedly contemplating abandoning its long-held goal of introducing Social Security personal accounts. Now, chances are that changes to Social Security will include a collection of unrelated measures rather than coordinated structural reforms. The collection of measures being considered by newly elected Congressmen suggests an attempt to co-mingle the objectives of improving Social Security's finances and increasing national saving. But they are likely to perform poorly on both counts.......

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Title: Social Secrity
Approximate Word Count: 1011
Approximate Pages: 5 (250 words per double-spaced page)

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