Robert B. Reich, a co-founder of The American Prospect, is a Professor of Public Policy at the Goldman School of Public Policy at the University of California at Berkeley. His website can be found here and his blog can be found here.
The Congressional Budget Office, in a report released yesterday, says the government will be forced to take $9 billion from the so-called Social Security surplus in fiscal year 2001 to make ends meet. The news undoubtedly will elicit a new round of fancy-dance explanations from the Bush administration for how it plans to avoid dipping into the Social Security surplus next year, and will add more fuel to the Democrats' charge that the president's tax cut has put Social Security in jeopardy. Expect the decible level to grow when Congress returns to Washington and both sides go to battle over the 2002 budget.
As more Americans become disengaged from politics, America's political class has declared civil war. The 2000 election is a case in point. Prior to election day, it was dull, lifeless, and tightly scripted. The candidates fulminated over their differing versions of prescription drug benefits. Half of America's eligible voters didn't even bother voting.
Pundits have a host of explanations for why Bill Bradley's and John McCain's
candidacies failed: Mr. Bradley failed to respond to Al Gore's attacks; Mr.
McCain blundered in attacking the religious right; Mr. McCain stole Mr.
Bradley's thunder; the public isn't that interested in reform after all.