Social Security a problem, not crisis, lawmaker says

[TacticalPeek]

Bonds News

UPDATE 1-Social Security a problem, not crisis-lawmaker
Sun Jan 23, 2005 04:04 PM ET

By Adam Entous

WASHINGTON, Jan 23 (Reuters) -

...

"I think 'problem' really is what we're dealing with," House Ways and Means Committee Chairman Bill Thomas told NBC's "Meet the Press," when asked if he agreed with the assessment of President George W. Bush and other top administration officials that the system was in "crisis."

In a sign of trouble for Bush in the Senate, moderate Republican Sen. Olympia Snowe of Maine questioned his proposals and strategy.

While she said she does not object to personal savings accounts "per se," Snowe told CNN: "I'm certainly not going to support diverting $2 trillion from Social Security into creating personal savings accounts."

A member of the Finance Committee, which will craft any Social Security legislation in the Senate, Snowe complained that the "public discussion thus far, without a specific proposal, has created and enhanced a lot of confusion and fear among seniors."


more
http://www.reuters.com/financeNewsArticle.jhtml?type=bondsNews&storyID=7402500

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Real cold feet? Or deceptive tactic?