Stealth Attack on Social Security [View All]

[livvy]

I saw something posted on DU before, but I don't think it got much attention, so I thought I'd post it again.

Just when we thought Social Security had been preserved for the time being, until a reasonable and equitable plan could be formed, there is this. You see, this Pretzelnut does not listen to anyone outside his inner circle. The American people have already spoken loudly and clearly about his plan for private accounts, but here we go again. Only this time, he didn't bother to warn anyone. Just like with other ideas of his that are unpopular, he just pushes them through using whatever means, legal or illegal, that he and his advisors can think of using. The danger here, as we know, is that Congress is controlled by too many loyalists to this administration. They vote for whatever this uncrowned king wants with no regard or conscience for what is best for the American people.

http://www.washingtonpost.com/wp-dyn/content/article/2006/02/07/AR2006020701865_pf.html
Bush's Social Security Sleight of Hand

By Allan Sloan
Wednesday, February 8, 2006; D02



If you read enough numbers, you never know what you'll find. Take President Bush and private Social Security accounts.

Last year, even though Bush talked endlessly about the supposed joys of private accounts, he never proposed a specific plan to Congress and never put privatization costs in the budget. But this year, with no fanfare whatsoever, Bush stuck a big Social Security privatization plan in the federal budget proposal, which he sent to Congress on Monday.

His plan would let people set up private accounts starting in 2010 and would divert more than $700 billion of Social Security tax revenues to pay for them over the first seven years.

If this comes as a surprise to you, have no fear. You're not alone. Bush didn't pitch private Social Security accounts in his State of the Union message last week.>more