Former Treasury Secretary Robert Rubin, the steward of President Clinton’s economic policy, told the House Democratic Caucus yesterday that it needs to continue to “hold firm” in its opposition to President Bush’s effort to reform Social Security and advised the Democrats not to introduce their own plan, according to aides and lawmakers in the meeting.
Rubin, who has gained huge stature in the party for presiding over the national finances during the Clinton boom years, counseled congressional Democrats against engaging Republicans on specifics. He urged them instead to cast the debate in terms of principles, with opposition to deficit spending as their guiding conviction.
“Putting out a Democrat plan on Social Security would be a horrible mistake because right now it’s the president’s principles against our principles,” Rubin said, according to a Democratic leadership aide. The aide added that Rubin told his party colleagues that it would be hard to win a battle of specifics.
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Another leadership aide said, “From a political standpoint, he said, hold firm because you have a difference in principles; their principle is a privatization plan, ours is not to add to the deficit, and there’s not a whole lot of room for compromise.
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