12/9/2004: Legislators Join Forces on Social Security Reform with Republican-Drafted legislation (Financial Times; subscription may be required)

Excerpt: US lawmakers unveiled a bipartisan attempt to reform Social Security yesterday, with a Democrat backing Republican-drafted legislation that would part-privatise the pensions system. Jim Kolbe, an Arizona Republican, said that Allen Boyd, a Florida Democrat, had signed on as a co-sponsor of his Social Security reform bill. The Kolbe-Boyd bill is one of a number of congressional proposals on reforming the pensions system but the only bipartisan effort.