NYT Editorial: A Bad Choice for Social Security

Published: November 19, 2006

A day after the midterm elections, President Bush announced that he had deputized Henry Paulson Jr., the secretary of the Treasury, to work with the new Congress on reforming Social Security. Mr. Paulson would bring formidable deal-making skills to the task, honed over years as a top investment banker. In an interview with The Times after the announcement, he stressed the importance of bipartisanship. “We were going to have to build a consensus, no matter who won the election,” he said.

But then Mr. Bush nominated Andrew Biggs, a zealous advocate of privatizing Social Security, to a six-year term as the next deputy commissioner of Social Security. The nomination puts Mr. Paulson in a tough spot, raising questions about whether Mr. Bush really wants to build a consensus for Social Security reform.