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Bad Deal:

President Bush’s plan to reform Social Security with personal retirement accounts continues to receive a frosty reception among liberal Republicans. Rep. Rob Simmons (R.-Conn.) told the Washington Post: “Why stir up a political hornet’s nest ?¢â??¬ ¦ when there is no urgency?”

Meanwhile, four Democrat senators–Max Baucus (Mont.), Blanche Lincoln (Ark.), Joe Lieberman and Ben Nelson (Neb.)–met to discuss Social Security reform with maverick Sen. Lindsey Graham (R.-S.C.), who wants to trade personal retirement accounts for an increase in the payroll tax.

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