The Kolbe-Boyd Social Security Reform Bill

Ed Lorenzen

Earlier this week Reps. Jim Kolbe and Allen Boyd announced the introduction of their new Social Security reform proposal. The Kolbe-Boyd bill is a model of centrist legislation.

The proposal combines fiscal responsibility with progressive benefit changes that improve the safety net functions of the system and the wealth-building potential of personal Social Security retirement accounts.

The Kolbe-Boyd approach does a better job of limiting and "paying for" its transition costs than other reform plans with personal accounts, which is extremely important as U.S. budget problems worsen....

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Posted by Kelly Buck at February 2, 2005 03:58 PM