Tuesday, October 21, 2008

Cappiello / Murphy debate, Burbank / Winn excluded

The Courant's Daniela Altimari had this writeup in today.

Apparently there was a bunch of irrelevant conversation about President Bush. But there was some substantive discussion also.

Their positions diverged on whether the government should allow Social Security payroll taxes to be placed in individual retirement accounts. Cappiello favors such a plan, which he says would allow young workers to tap into "tightly controlled" market investments. Murphy dismissed it as a risky proposition, especially given the recent turbulence in the financial markets.

My view is that everything should be on the table... though it really needs to start with spending elsewhere in the federal government, such as overseas spending, the Dept of Education, etc. Remember:

Something has got to budge.

Tim White

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