Specter Jumps

According to Josh Marshall Sen. Arlen Specter has jumped Bush's Social Security Privatization ship. From a Specter email to constituents:

As the baby boomer population ages and enters into retirement, the need for Social Security reform becomes even more apparent. Federal Reserve Chairman Alan Greenspan urged Congress in February of 2004 to deal with the country�s escalating budget deficit by cutting benefits for future Social Security retirees. I strongly oppose this approach.
...

On the issue of privatization, I had some time ago considered an idea to place a relatively small portion of benefits in an investment account, providing that the �security� aspect of Social Security was retained and the investment was under professional management. However, with the severe fluctuations of the stock market, I have since rejected that idea.

Bull Moose has some thoughts on how the Republican Lawmakers seem to be breaking on this one.