Pelosi calls privatization plan a 'rip-off' She talks to seniors about Social Security plan at meeting in S.F. Carla Marinucci, Chronicle Political Writer Thursday, February 24, 2005 Democratic Minority Leader Rep. Nancy Pelosi, launching what she vowed will be an aggressive effort against President Bush's Social Security privatization, told cheering supporters in San Francisco on Wednesday that the plan is a costly "diversionary tactic'' by the administration and a blatant "attempt to divide the generations" on the values of a crucial social program. "It's absolutely stunning, the rip-off that it is,'' Pelosi told a town hall meeting on Social...