The Missing Report

I spoke to Sean Kevelighan at from the Treasury Department's public affairs office about the case of the missing Trustees' Report. He said "there isn't a timetable" for the release of this year's report, but that there would be a 2006 report, he just couldn't tell me when. I brought up the Trustees' apparent statutory mandate to produce a report by April 1 and he said he didn't know anything about that, but conceded that there is a statutory requirement to do a report each year. "I wish I could tell you more," he said.

I don't know exactly where this fits on the fishiness scale, but it's pretty fishy.


Comments (6)

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Isn't it obvious? This year's Trustees' Report shows that the Low Cost estimates were right all along. Social Security is in fact overfunded, as we've all known. The White House is suppressing the report.

 

(Ah, I remember a time when saying something like this might've sounded a bit nutty.)

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Indeed, if the solvency date has been moved back significantly, I expect to see the report on November 8.

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Y'all are forgetting the President's Article II power to suspend such deadlines when they would have politically damaging results, because anything that embarrasses the President is also helping the terrorists win.

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On fishiness: when the head is completely rotten, the fish is clearly dead.

 

Truth and Facts are dangerous things to BushCo. 

 

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"Henry Clay was described by an adversary as "a being so brilliant yet so corrupt, which, like a rotten mackerel by moonlight, shines and stinks." "

http://www.opinionjournal.com/taste/?id=110004002

 A perfect description of the Bush Administration. Once you back out the "brilliant" and the "shining", the rest seems pretty succinct.

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Not fishy, standard operating procedure:

http://www.nytimes.com/2006/04/04/washington/04benefit.html

 "President Bush and the Senate are at an impasse over the appointment of trustees for Social Security and Medicare, crippling the panel that supervises the two programs.

This, in turn, has delayed the annual reports on the financial condition of the programs, which together account for more than one-third of all federal spending. Under federal law, the reports are supposed to be sent to Congress by April 1.

Since 2000, Social Security and Medicare have had two public trustees: John L. Palmer, former dean of the Maxwell School at Syracuse University, and Thomas R. Saving, an economist at Texas A&M.

Their terms have expired, and Mr. Bush has renominated them, but the Senate has taken no action. Senate leaders of both parties say they want to follow the precedent of having the public trustees serve no more than one term. But the White House said Monday that the Senate should approve the president's nominees.

[...]

Kenneth A. Lisaius, a White House spokesman, reaffirmed the president's support for Mr. Palmer and Mr. Saving on Monday. "We urge the Senate to act quickly on these nominees," Mr. Lisaius said. "These individuals are well qualified, and there is important work to be done.""

But of course, it's just politics as usual, and there's more than enough blame to go around. 

"The impasse results, in part, from a partisan squabble.

Under federal law, the two public trustees "may not be from the same political party." The Senate Democratic leader, Harry Reid of Nevada, has recommended a Democratic candidate to the White House, but has not publicly identified the person. Republicans said they understood that the White House found the candidate too partisan.

Democrats said the White House was partly responsible for the impasse because the president had delayed sending nominees to the Senate and had not consulted Congress.

[...]

In 1990, the reports were issued even though the public trustees' positions were vacant."

See guys, it's just a simple disagreement. If the Democrat Party could just stop being so partisan the government would run smoothly and nobody would have to ask any questions...

 

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