It ain't lookin' good, Karl

Sen. Olympia J. Snowe (R-Maine) seemed to signal intractable opposition to converting part of the defined Social Security benefit to variable returns from stock and bond investments. [...] "Social Security became the bedrock of support for seniors in my state precisely because it's defined and guaranteed," she said. "What cost and what risk is it worth to erode the guaranteed benefit?"

and in galveston yesterday...

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