| May 14 2014
For the last several years the right has been very clear about what government should not be doing, or should be doing much less of. But it has not had nearly enough to say about just what government should do: what intellectually serious reforms it needs to make to improve the lives of (in particular) middle-class Americans.
That’s changing, thanks in good measure to people like Marco Rubio.
On Tuesday the junior senator from Florida focused his attention on retirement security. In a speech at the National Press Club, Rubio offered a plan to open up to more Americans the Thrift Savings Plan (TSP) offered to every member of Congress and federal employee. The TSP allows federal employees to save pre-tax money for their retirement with fees lower than most private defined-contribution plans. Senator Rubio proposed that all Americans who do not have access to employer-sponsored plan be given the option of enrolling, which would boost Americans’ savings and help to supplement Social Security income.
There are several notable things about Senator Rubio’s speech. (I should say that in my position as a senior fellow at the Ethics and Public Policy Center I met with Senator Rubio and several policy experts prior to the speech and reacted favorably to an early draft of it.) The first is the educative quality of the address, laying out the case for reform in a calm, reasonable, and empirical way. The second is an admirable candor, with Rubio saying, “While [economic] growth is essential, growth alone will not be enough.” A third thing to note about the speech is that Senator Rubio spoke about wanting to strengthen and save, not uproot and eliminate, programs like Social Security and Medicare. He spoke in personal terms about the role those programs have played in the lives of his parents. Fourth, he attempted to put opponents of reform on the defensive, saying, “Anyone who is in favor of doing nothing about Social Security and Medicare is in favor of bankrupting Social Security and Medicare.”
Fifth and finally, Senator Rubio put a frame around this issue that is quite important. He explained that the retirement system we have in place does not line up with the needs and realities of our post-industrial economy.
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