How President Bush's Social Security Reform Died (House Bill now dead)

[papau]

GOP sale pitch post loss of sale is now the idea that it was no big idea/no big deal since currently the U.S. Social Security system functions by you paying money in, and the government promises you that someday it will pay you money back - and the change to you buy a private account U.S. Treasury bond and hold it until retirement still has you paying money in and the government promises to give you money back. I LOVE MY GOP LOGIC FRIENDS!

:-)



How President Bush's Social Security Reform Died: Kevin Hassett

Aug. 1 (Bloomberg) -- Social Security reform is dead. How it died tells us a lot about both U.S. political parties.

For a while, Social Security reform was like Westley, the hero of ``The Princess Bride.'' After his friends discovered him in a torture chamber, apparently dead, they took him to a miracle maker named Max to see if he could be revived.

After inspecting Westley, Max had good news. ``There's different kinds of dead,'' he said. ``There's sort of dead, mostly dead and all dead. This fella here, he's only sort of dead.''

Until two weeks ago, Social Security reform was sort of dead. But now it seems to be all dead. The breakdown occurred when the administration backed away from a proposal making its way through the House of Representatives that would have introduced personal accounts without specifically restoring solvency to the system. <snip>

[Desertrose]

1. Lets hope it stays "all dead" n/t