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rodeodance Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-07-05 10:04 PM
Original message
Democrats try to alter Social Security debate
Makes my heart glad--the Repugs are getting edgy!!! te he!!

http://www.boston.com/news/nation/washington/articles/2005/01/07/democrats_try_to_alter_social_security_debate/

Democrats try to alter Social Security debate
Discussion of cuts challenges GOP view of program in 'crisis'

By Michael Kranish, Globe Staff | January 7, 2005

WASHINGTON -- President Bush's strategy of saying that Social Security's "crisis is now" as a rationale for creating personal investment accounts has been offset by unanticipated attacks from Democratic leaders that the White House is manufacturing an excuse to boost support for private accounts.

The attacks have made the majority of Republicans uncharacteristically nervous that public discussion of benefit cuts by Bush's aides will backfire on the party. A memo by the Senate Republican Policy Committee warned this week that a plan under serious consideration by Bush "could be mislabeled as a benefit cut."

Bush envisioned a three-month postelection period in which he would portray Social Security in speeches and at conferences as facing a crisis that requires dramatic overhaul, after which he would unveil his plan as a necessary corrective. But by refusing to say whether he would cut benefits for younger workers, as his commission recommended three years ago, Bush has let a debate rage among his top staff about what shape the plan should take.

The debate has become increasingly public, leaving the impression that the White House staff is divided and that Bush is torn over the conflicting advice he is receiving. Bush aides said this week the president may not unveil details of his plan for another seven weeks or even longer. The long delay concerns even some who support Bush's goals.



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koopie57 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-07-05 10:10 PM
Response to Original message
1. It is my understanding that if this social security change
does happen, it would cost 1 to 2 trillion dollars. Why don't they just take this trillion of dollars and put that into the social security fund? Wouldn't the interest alone keep it solvent?
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rodeodance Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-07-05 10:14 PM
Response to Reply #1
2. great point--email Bush and his gang your solution!!
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stevebreeze Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-07-05 10:31 PM
Response to Reply #1
3. Theoretically the shortfall according to the SS trustee report
Edited on Fri Jan-07-05 10:32 PM by stevebreeze
is $3.7 Trillion. I say theoretically because they base their economic growth at 1,8$ annual growth in GDP. Since the civil war the US has averaged 3-4% GDP growth. There is no 20 years period in which we have grown as slow as 1.8% including the great depression. Shoould we grow at 3% there is no shortfall whatever.Is it any wonder that Enron loved these guys?
The only risk to SS is the Bush gang getting their hands on it!
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proudbluestater Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-07-05 10:45 PM
Response to Reply #3
4. The only risk to SS is the Bush gang getting their hands on it!
Amen, brother, amen.

Can't believe the Dems actually spoke out. I think we may be having an impact. Many of us are energized like never before, writing more letters, sending faxes, making phone calls. I do think that has an impact. We need to keep the apathy at bay and keep up the pressure.
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thoughtanarchist Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-07-05 11:25 PM
Response to Original message
5. related stories
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Rose Siding Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-07-05 11:27 PM
Response to Original message
6. dupe, here's a link
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The Judged Donating Member (613 posts) Send PM | Profile | Ignore Fri Jan-07-05 11:40 PM
Response to Original message
7. Reality TV: Re-uglicans looting the town and scorning "We the People!"
When does this show start?

Expose on Re-uglicans in action! If that doesn't sell commercials, nothing will!
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Moderator DU Moderator Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-08-05 07:11 AM
Response to Original message
8. Duplicate
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