Posted on 02/03/2005 10:46:18 PM PST by hipaatwo
WASHINGTON (AllPolitics, October 24) -- Fresh from his diplomatic success in brokering an interim peace accord between Israelis and Palestinians, President Bill Clinton on Saturday turned back to domestic issues and called for voter support of his proposed Social Security reforms.
Speaking in his weekly radio address, the president urged Americans to consider his efforts to save Social Security when they vote on November 3 in what he called "one of the most important elections in recent years."
"You will help select a Congress that will determine whether we will seize this moment of prosperity to save Social Security for the 21st century," Clinton said.
(Excerpt) Read more at edition.cnn.com ...
Testimony of Governor Edward M. Gramlich
Social security reform
Before the Committee on Finance, U.S. Senate
September 9, 1998
(snip)
After our report, both the Committee for Economic Development (CED) and Senator Moynihan came out with plans which were similar to my plan and adopted some of its features.
snip
The Individual Accounts Plan
My compromise plan, called the Individual Accounts (IA) Plan, achieves both goals. It preserves the important social protections of Social Security and still achieves long term financial balance in the system by what might be called kind and gentle benefit cuts. Most of the cuts would be felt by high wage workers, with disabled and low wage workers being largely protected from cuts. Unlike the other two plans proposed in the Advisory Council report, there would be no reliance at all on the stock market to finance Social Security benefits, and no worsening of the finances of the Health Insurance Trust Fund.
http://www.federalreserve.gov/boarddocs/testimony/1998/19980909.htm
Why? Truth and history have never stopped them before.
BTW, heard on FoxNews today that Harry Reid gave an interview in 1999 where he was endorsing private accounts for individuals. Wish I had more info on that subject.
more
Dems Back Clinton Plan To Bolster Social Security With Budget Surplus
By Ann Curley/CNN
WASHINGTON (Feb. 12) -- Rep. Charles Rangel (D-N.Y.) and other Democrats from the House Ways and Means Committee have introduced legislation that will require any budget surpluses to be set aside in a fund to be used to reform the ailing Social Security system.
http://www.cnn.com/ALLPOLITICS/1998/02/12/social.security/index.html
I'm going to try to research further and compile some info.
Thanks. Looking forward to it.
1998? So he fixed it in just 2 years and change? Oh, that Bill--so modest! He never even told us!
Audio: Clinton’s speech, "When Franklin Roosevelt made a speech to the New York legislature in 1931 he said this, 'The success or failure of any government must be measured by the well being of its citizens.' That was the goal that moved him 59 years ago, yesterday, and that is what guides us today."
Typical
Now that W claims SS needs fixing, everybody is all for it.
Hell, algore offered I nice sturdy "LOCKBOX" years ago..;>
Seriously, how can the socialist now claim SS is fine when algore's "lockbox" was his next internet in 2000? (boy genius)
Why would the trust fund need a lockbox if it was fine?
...I'm thinking they all caught the flip-flop disease from the french looking vietnam hero.
Found this:
August 29, 1997
Does Social Security Create Community?
by Gary T. Dempsey
This paragraph is interesting:
"Fortunately, the idea of Social Security as community is not selling, even among Democrats. In a recent poll conducted by the Democratic Leadership Council, a group once headed by President Clinton, a near majority of Democrats, 48 percent, said they support "gradually ending" Social Security and favor "individually controlled private savings," and 73 percent expressed interest in being able to invest some or all of their current Social Security taxes."
http://www.cato.org/dailys/8-29-97.html
I wonder who the 48% are...
1998? Wasn't that the same year that Clinton ordered the bombing of Iraq in order to confront the clear threat they presented?
Do I sense a pattern here?
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