Thursday, April 2, 2015

Delaney and Cole Sponsor Social Security Commission Legislation

The Committee for a Responsible Federal Budget reports that Reps. John Delaney (D-MD) and Tom Cole (R-OK) have introduced the Social Security Commission Act. As the CRFB states:

The commission created by the legislation would be composed of 13 commissioners: three commission members appointed by each of the Democratic and Republican leaders in the House and Senate and a Chair appointed by the President. At least one of the congressional appointees from each party must be non-elected experts, but the other ten commissioners appointed by Congress could be either sitting Members of Congress or unelected officials.

The commission would be directed to report to Congress its recommendations for making the Social Security trust fund solvent for at least 75 years no later than one year after its first meeting. The commission must have a minimum of nine votes in favor of its recommendations to send the plan to Congress for consideration. Achieving that level of support for recommendations will be difficult but will ensure that they have bipartisan support. The legislation sets out a process for expedited consideration of the commission recommendations in the House and Senate for an up-or-down vote without amendments.

Check out the whole story here.



JoeTheEconomist said...

The art of politics is to delay a decision until it is no longer relevant. The point here is that they want to talk about the problem until the problem defines the solution for them.

WilliamLarsen said...

Joe, there is no mathematical solution to the problem that workers would accept. When the problem gets to its limit, I project the workers will lobby congress to repeal both programs. They are not worth the cost to workers.