Is Social Security Privatization Back on the Table?

So you thought the Administration and its Congressional allies had accepted defeat in their efforts to privatize Social Security? Well, think again!

Rep. Jim McCrery, R-La., Chair of the Subcommittee on Social Security of the House Committee on Ways and Means announced after addressing a meeting of the U.S. Chamber of Commerce this week that Social Security privatization should the Congress’s first priority in 2007. These remarks take on added significance in light of McCrery’s likely ascension to the powerful chairmanship of the full committee, if the Republicans retain control of Congress in the November elections. House Minority Leader Nancy Pelosi promptly denounced McCrery’s remarks.