A key former member of President Obama’s economic team said Friday that he is confused by attacks waged by some on the left against a draft report issued by Obama’s fiscal commission.
Peter Orszag, the president’s ex-OMB Director-turned senior fellow at the Council on Foreign Relations, said in an interview that the social security reform proposals advocated by the commission’s co-chairs, such as increasing the cap on payroll taxes and altering the method by which benefits are awarded, should be celebrated by liberals for containing “progressive” elements. Moreover, Orszag advises left-leaning politico’s to trumpet the report’s omittance of any proposals to privatize Social Security.
“Private accounts as part of Social Security are definitively dead for now,” he writes. “So I don’t fully understand why the left is not eager to lock in that victory.”
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