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That’s SMART!

December 6th, 2007 by Peter Suderman

The SMART act of 2007, a proposal to expand choice and ensure stability in Medicare and Social Security, was introduced at the recent FreedomWorks Liberty Summit. Here’s Dick Armey talking about why it needs to be passed right away.

This entry was posted on Thursday, December 6th, 2007 at 4:45 pm and is filed under Social Security, Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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3 Responses to “That’s SMART!”

  1. Chris Kinnan Says:
    December 7th, 2007 at 4:19 pm

    We’re already up to 6 cosponsors.

  2. Greg Harms Says:
    December 15th, 2007 at 10:08 pm

    See my response to “GOP Debate is Disappointing.”

  3. Sickle Says:
    December 17th, 2007 at 7:07 pm

    The direct 7.65 percent tax currently imposed on wages is converted to personal savings accounts. The individual may then choose to invest these new assets in five different approved mutual funds.

    Five only? I have more control over my 401k. And who, pray tell, gets to administer these mutual funds? Seems to me like this is an opportunity to get five mutual fund managers a LOT of taxpayer cash. It’s not really individual control, either, since the “choices” are limited.

    And since there’s no link anywhere to the actual text of the bill, I don’t know anything about these five funds, how they were “approved,” and by whom. Considering that FreedomWorks is so hush-hush about their corporate donors (especially in light of CSE’s reversal on sugar bills after receiving money from what they used to call “Big Sugar”), I’m not exactly banking on transparency from FW/CSE or Mr. Flake, either.

    Any chance you’ll actually put a link to the text of the bill itself? It would also be nice to understand what the hell the SMART Act does to “simplify” medicare, since this post is VERY short on specifics.

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