By Susan Milligan, Globe Staff | March 7, 2005
WASHINGTON -- Buoyed by polls indicating support slipping for President Bush's Social Security overhaul plan, congressional Democrats said yesterday that they would not negotiate on any plan to change the government retirement program unless the president gave up on the idea of partly privatizing the system.
But the White House insisted that allowing younger workers to invest part of their Social Security payments in stocks and bonds -- a fundamental part of Bush's proposal -- was key to protecting the long-term survival of Social Security.
''The president is committed to these private accounts," Treasury Secretary John W. Snow said yesterday on ABC's ''This Week." ''I'm committed to them." Snow said the accounts were ''absolutely essential" to revamping the 70-year program. But Democrats, sparring with Republicans on the Sunday talk shows, said they would not even consider an overhaul that included privatization.
''Democrats have said what they'd do. We're not going to negotiate with someone that's trying to destroy
. Privatization destroys it," Senator Edward M. Kennedy, Democrat of Massachusetts, said on ''This Week." ''Privatization cannot be on the table."
http://www.boston.com/news/nation/washington/articles/2005/03/07/democrats_vow_no_negotiation_on_plan_to_alter_retirement_program/