FLORIDA POLITICS
Since 2002, daily Florida political news and commentary

 

UPDATE: Every morning we review and individually digest Florida political news articles, editorials and punditry. Our sister site, FLA Politics was selected by Campaigns & Elections as one of only ten state blogs in the nation
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Welcome To Florida Politics

Thanks for visiting. On a semi-daily basis we scan Florida's major daily newspapers for significant Florida political news and punditry. We also review the editorial pages and political columnists/pundits for Florida political commentary. The papers we review include: the Miami Herald, Sun-Sentinel, Palm Beach Post, Naples News, Sarasota Herald Tribune, St Pete Times, Tampa Tribune, Orlando Sentinel, the Daytona Beach News-Journal, Tallahassee Democrat, and, occasionally, the Florida Times Union; we also review the political news blogs associated with these newspapers.

For each story, column, article or editorial we deem significant, we post at least the headline and link to the piece; the linked headline always appears in quotes. We quote the headline for two reasons: first, to allow researchers looking for the cited piece to find it (if the link has expired) by searching for the original title/headline via a commercial research service. Second, quotation of the original headline permits readers to appreciate the spin from the original piece, as opposed to our spin.

Not that we don't provide spin; we do, and plenty of it. Our perspective appears in post headlines, the subtitles within the post (in bold), and the excerpts from the linked stories we select to quote; we also occasionally provide other links and commentary about certain stories. While our bias should be immediately apparent to any reader, we nevertheless attempt to link to every article, column or editorial about Florida politics in every major online Florida newspaper.

 

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The Blog for Friday, February 11, 2005

Shaw's Plan

    Congressman Shaw has a plan:
    For six years, U.S. Rep. E. Clay Shaw Jr. [a Republican from Fort Lauderdale who chaired the House Social Security subcommittee for six years] has sponsored a bill to add personal investment accounts to Social Security without cutting promised benefits. ...

    Shaw's plan, however, is different from Bush's. Unlike Bush's proposal, which would carve individual accounts out of the 12.4 percent payroll tax, Shaw's bill would use the general fund to pay for personal accounts on top of the payroll tax. ...

    The plan would be financed by drawing money from the federal fund, which Shaw noted would increase the federal debt by about $3.2 trillion over the next 30 years. But he said all proposals to create individual investment accounts would increase the debt as Social Security made the transition from one system to another.
    "Shaw sees his Social Security plan as winning votes this time". So, Shaw has a "supplemental" rather than a "carve out" plan - big deal. As "Rep. Sander Levin of Michigan, the ranking Democrat on the Social Security subcommittee, said Shaw's proposal"
    "is not a credible plan to strengthen Social Security and should not distract people from the major benefit cuts and borrowing inherent in President Bush's guidelines for privatization. Mr. Shaw's proposal involves massive borrowing and uncertainties that make solving the Social Security shortfall completely dependent on the stock market."
    Id. See also "Floridian proposes Social Security plan".

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