Critics cry foul in Bush Social Security maneuver
By Amy Fagan
THE WASHINGTON TIMES
February 12, 2006
Opponents of President Bush's Social Security personal accounts plan were jolted into action last week when the proposal showed up in Mr. Bush's newest budget request.
Mr. Bush's proposal to allow younger workers to divert part of their Social Security payroll tax into personal investment accounts fizzled last year because of a lack of support in Congress.
But that relief quickly dissipated Monday, opponents said, when they discovered Mr. Bush's 2007 budget proposal mentioned the plan -- suggesting the accounts start in 2010 at a 10-year cost of $712 billion.
"I did not expect that," said Rep. Sander M. Levin, Michigan Democrat, who criticized the plan last week while talking to reporters. "We wanted to talk today to make sure that everybody in the country understands that this is what drives the president of the United States: privatization of Social Security."
Link here
THE WASHINGTON TIMES
February 12, 2006
Opponents of President Bush's Social Security personal accounts plan were jolted into action last week when the proposal showed up in Mr. Bush's newest budget request.
Mr. Bush's proposal to allow younger workers to divert part of their Social Security payroll tax into personal investment accounts fizzled last year because of a lack of support in Congress.
But that relief quickly dissipated Monday, opponents said, when they discovered Mr. Bush's 2007 budget proposal mentioned the plan -- suggesting the accounts start in 2010 at a 10-year cost of $712 billion.
"I did not expect that," said Rep. Sander M. Levin, Michigan Democrat, who criticized the plan last week while talking to reporters. "We wanted to talk today to make sure that everybody in the country understands that this is what drives the president of the United States: privatization of Social Security."
Link here
posted by Kangaroo Brisbane Australia at 2:47 AM
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