Despite all the fighting you hear over Social Security on the campaign trail, there are many policy types back in Washington -- Democrats and Republicans -- who think it might be possible to take on the long-term Social Security imbalance next year.
Surprised? Democrats charge Republicans with privatizing Social Security and Republicans fire back Democrats are gutting Medicare. Doesn't sound like compromise is in the air. And, I grant you, it's a long-shot.
Still, the policy discussion is very different than the political discussion. In policy circles, I keep hearing Republicans and Democrats saying it could be possible to strike a deal trimming benefits, raising taxes, and setting the program on a sounder long-term footing.
Why? Because such a deal would signal long-term fiscal restraint to markets without impacting the economy in the short-run. From an economic point of view, that could be a win-win, some argue.
And it is an open secret in Washington that the President's Fiscal Commission is trying for a Social Security agreement.
Given the history and polarization over Social Security, a breakthrough is a long shot. But people are working towards that, despite the attack ads on the campaign trail. So if you hear more about this after November, don't be surprised.
Source: http://www.pbs.org/nbr/blog/2010/09/not_on_the_ballot_but_on_the_a.html
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