Posted on 09/09/2006 2:18:37 PM PDT by Dubya
WASHINGTON - President Bush hopes to revive his plan to overhaul the U.S. Social Security retirement program if his Republican party keeps control of the Congress in the November midterm elections, the Wall Street Journal reported on Saturday. ADVERTISEMENT
Despite polls suggesting Democrats have their best chance in years to regain control of the House of Representatives, Bush told the newspaper in an interview he was confident a power shift was "not going to happen."
"I just don't believe it," he said, adding that if Republicans prevail at the polls, next year might be a good time to reintroduce the effort to reshape Social Security because he could "drain the politics out of the issue."
Bush was forced to abandoned his 2005 push to add private accounts to the retirement program, in part because of concerns among Republicans that the unpopular plan would jeopardize their chances in this year's elections.
Some Democrats have emphasized the Social Security reform plan in their campaign to oust Republican incumbents in November, contending it would inject too much risk into the program and push the government deeper into debt.
Bush made Social Security investment accounts a top domestic priority for his second term, arguing such a system would help young people by putting the retirement program on a more sustainable financial footing.
Disrespecting the president by referring to him as "Jorge" is a personal insult to me and every other member of this forum that supports him and I see it as a disruptive tactic of a common DU troll. When you post like a DU troll, don't be surprised when you get banned like a DU troll.
..... and you may just be a cajun-jackass.
Good job!
You should have seen his post that was deleted in another thread. Very disrespectful.
Do that, but keep the tax, but have it go directly into 401(K) accounts, by-passing the treasury and congress altogether.
Which is what SS should have been when it was adopted rather than the ponzi scheme we have now.
cajun jack thinks he's cute and clever but he's neither.
The best solution for Socialist Security is to dismantle the whole thing. It's a fraudulent Ponzi scheme. Everyone should have the option of receiving a lump sum payment now. This would be the total of all employee and employer contributions plus interest since inception. Younger workers, those under 50, would most likely take the lump sum. Older workers and those already receiving benefits can stay in if they want, or take a lump sum, adjusted as needed for benefits already paid out. Stop all new participants and taxes now. In about 20 to 30 years it would die of natural causes. This whole process would add hundreds of billions of dollars to private capital markets, creating an economic boom and prosperity, the likes of which we have never seen.
Investing at 0 to 1% shuld be unpopular!
Here's thought. Get someone to figure out how much money the average American would have made/saved under the original Bush plan five years ago vs. what was made under the current plan. I've love to see the diffence. I bet it would make a great point.
You could be something if you tried....nah..probably not
and you might be just a dumbass
Bye troll
No need to.
Economic growth would fuel it.
WTF - this president is out of touch ...
Most likely. That's why I chose the term "revenue" rather than "rates".
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