White House Social Security Privatization Proposals.

Publication: Finance Wire

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Original Source: CNBC/DOW JONES BUSINESS VIDEO ANALYST INTERVIEW

MARK HAINES, CNBC ANCHOR: Is Social Security reform dead? It had a big push after the election but the president`s plan to overhaul the system seems to have stalled, certainly dropped out of the headlines. Many on the Hill speculating nothing will pass this year or next. Our next guest is at the forefront of the reform effort, if there is one. Al Hubbard is the director of the White House National Economic Council. He joins us now from the White House.

Mr. Hubbard, good to see you again.

AL HUBBARD, DIRECTOR, WHITE HOUSE NATIONAL ECONOMIC COUNCIL: Nice to be with you, thanks for inviting me.

HAINES: Are you still out there pushing this, because it certainly isn`t much in the public eye any more?

HUBBARD: Absolutely we are pushing it. I was just with the president last Friday in Atlanta where he was talking about Social Security. He was also talking about Medicare as well. He is totally committed to Social Security. Unfortunately, you...

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