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POLICY BYTES: The private sector can reform Social Security’s disability program
(By – Dr. Merrill Matthews, www.yourhoustonnews.com)
INSTITUTE FOR POLICY INNOVATION
As Republican presidential candidates look for policy reform proposals for their campaign platforms let’s hope they reach out for bold, free market ideas. And Social Security is a good place to start. Since President George W. Bush’s administration lost faith in its own Social Security reform effort in 2005 in the face of demagoguery by Democrats, Republicans have mostly proposed tweaking the status quo by raising the retirement age or cutting benefits. New Jersey Governor Chris Christie, a possible Republican presidential candidate, was the latest to trot out a version of this approach.
Here’s a bolder option: Turn Social Security’s disability insurance and survivorship programs over to the private sector. Read more…
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