Robert Shapiro is the chairman of Sonecon and a senior fellow at the McDonough School of Business at Georgetown University. He served as undersecretary of commerce for economic affairs under Bill Clinton.
The president knew he couldn’t prevail in the courts but he understands how to make money by failing. He did it with casinos and he’s doing it again.
In turn, those private accounts, supporters have argued, would make up for the deficits threatening the Social Security trust fund in another decade or so, when the baby boomers start to retire. The president himself has shown no pretense of objectivity in the matter, appointing to his Commission to Strengthen Social Security only those who… Read more »