"Lotts of Confusion Over “Price Indexing”"
Sen. Trent Lott spent the day travelling with President Bush in Mississippi, but that didn’t stop him from taking a few shots at the president’s new decidedly unprogressive “progressive indexing” plan:
“I’m not overjoyed about that,” Sen. Trent Lott, R-Miss., told reporters before Bush left the state. Lott said he thought such an indexing plan could lead the nation “toward a welfare system.” But Lott predicted that Congress would approve a Social Security overhaul plan sometime this year. “I’m prepared to cast a tough vote,” he said.
Lott isn’t the only one — Sen. George Allen (R-VA) and George Will are also skeptical of indexing.
But wait! Here’s Lott just last week:
Mr. Bush has praised Mr. Pozen’s plan of “progressive indexation,” or reducing the rate of growth in benefits for higher income earners.
Senator Lott, a Republican of Mississippi, agreed that the change in indexation was necessary to reduce “explosive growth” in benefits…
Surely, Lott’s apparent flip-flop had nothing to do with this. No way, no how.