Bush's Social Security Sleight of Hand
http://www.washingtonpost.com/wp-dyn/content/article/2006/02/07/AR2006020701865.html
"Last year, even though Bush talked endlessly about the supposed joys of private accounts, he never proposed a specific plan to Congress and never put privatization costs in the budget. But this year, with no fanfare whatsoever, Bush stuck a big Social Security privatization plan in the federal budget proposal, which he sent to Congress on Monday."
..."On page 321 of the budget proposal, you see the privatization costs: $24.182 billion in fiscal 2010, $57.429 billion in fiscal 2011 and another $630.533 billion for the five years after that, for a seven-year total of $712.144 billion."
This is interesting in that there has been no recent debate on Social Security reform and private accounts. But it looks the foundation for the change is now in place, like it or not.
One thing I know is: PRIVATIZATION OF SOCIAL SECURITY IS A BAD IDEA.
- Vox
"Last year, even though Bush talked endlessly about the supposed joys of private accounts, he never proposed a specific plan to Congress and never put privatization costs in the budget. But this year, with no fanfare whatsoever, Bush stuck a big Social Security privatization plan in the federal budget proposal, which he sent to Congress on Monday."
..."On page 321 of the budget proposal, you see the privatization costs: $24.182 billion in fiscal 2010, $57.429 billion in fiscal 2011 and another $630.533 billion for the five years after that, for a seven-year total of $712.144 billion."
This is interesting in that there has been no recent debate on Social Security reform and private accounts. But it looks the foundation for the change is now in place, like it or not.
One thing I know is: PRIVATIZATION OF SOCIAL SECURITY IS A BAD IDEA.
- Vox
posted by VoxInfo at 6:20 PM
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