Why Doesn’t Obama Talk About Social Security?
The recent address to Congress by President Obama, in order to explain the need and function of the US Stimulus left supporters on both sides reassured, and opposition uneasy (and at times openly confrontational). But according to Neil H. Buchanan, it did more to show Obama’s strengths and weaknesses then it did to outline an already partisan Congress.
It was Obama’s relatively small focus on Social Security that has left Mr. Buchanan so worried, as it showed a number of specific details on the new President that are both good and bad. For instance, he feels that our Commander In Chief is a little too willing to water down his policies in order to keep a peace that is frankly non-existent in the current partisan political climate.
Neil Buchanan also feels that focus should not be centered on Social Security in the first place, and that reassurances that might compromise the effectiveness of the costly Stimulus may waste time and funds. After all, he is quick to point out, Social Security only makes up less then 15% of the overall economic health, and it may or may not be negatively effected as we work to reinstate America’s fiscal health.
In his opinion, cuts that may be needed in SS in the future could be ‘phased in’ over time, and held off until deemed necessary, making it a pointless part of the rescue plan, and one that could cost Americans.
Neil H. Buchanan joined GW Law in 2007, and has been a valuable member of the faculty ever since. He has a long career as an economics professor behind him, making him more then qualified to comment on the current crisis and the plan to pull the country out of it. He is a Harvard graduate, and currently lived in Washington D.C.
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