So he admits there is a problem, has no solution, but won't even consider the one solution that has ever been seriously suggested. That leaves only one choice - continuously higher taxes.
The incoming chairman of the Senate Finance Committee said Thursday he wants to hold hearings on looming insolvencies in the Medicare and Social Security programs but said President Bush's plan to [reform] Social Security is dead.
"Don't waste our time," said Democratic Sen. Max Baucus of Montana. "It's off the table."
He said the rising cost of Medicare and other health costs is a priority for the committee, though he did not detail how the committee would approach those problems. He said he will hold "vigorous" hearings on the issue.
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