Wednesday, February 08, 2006

A Pleasant Surprise from Pres. Bush

It seems that buried within his phonebook thick budget submitted to Congress the other day there is a proposal for private Social Security accounts beginning in 2010. Finally, someone is taking some action here.

8 Comments:

At 2/08/2006 03:49:00 PM, Blogger Virginia Centrist said...

If the Democrats are lucky, they'll manage to force a vote on the issue. They'd make a killing in '06 if the Republicans tried private accounts again.

But it's more likely that the Republicans will quietly brush the issue aside.

 
At 2/08/2006 04:26:00 PM, Blogger Riley, Not O'Reilly said...

Don't be so sure. Bush used Social Security personalization and personal accounts as campaign issues in '02 and '04, both for candidates he campaigned for and for himself. The GOP didn't suffer either election for it.

The days of beating FDR's dead horse are over. People aren't scared anymore. Last time the scare tactic worked was in '94 when Lawton Chiles did a last minute blitz of calls against Jeb Bush in the FLA governor's race saying Jeb was going to take away senior's Social Security.

 
At 2/08/2006 04:31:00 PM, Blogger Virginia Centrist said...

"Security personalization and personal accounts as campaign issues in '02 and '04"

What???

He never mentioned it. When he was pushed on the issue, he just demurred the questions.

Much like Kaine's tax increase, Bush's insistence on privatizing social security came out of the blue after the '04 election.

If he mentioned it, he mentioned it sparingly. If he had run on that issue, he would have been whalloped.

"The last time that scare tactic worked" was actually in the 109th congress in '05. Republicans backed down because they were scared to death of all the calls that were flooding their office.

 
At 2/08/2006 04:35:00 PM, Blogger Riley, Not O'Reilly said...

You're wrong, wrong, wrong. At just about every campaign stop for every candidate in '02 and '04, Bush talked about Social Security personalization.

Google it if you need to, but the information is out there in numerous news accounts.

 
At 2/08/2006 05:24:00 PM, Blogger Willis said...

People are too stupid to handle their retirement accounts.

This will be disastrous.

 
At 2/08/2006 05:48:00 PM, Blogger Virginia Centrist said...

Here's the rather vague statement from Bush's campaign website (courtesy of Archive.org):

"Social Security Reform: President Bush will strengthen and enhance Social Security, guaranteeing no changes in benefits for current retirees and near-retirees, while giving younger workers the opportunity to use their Social Security payroll taxes to build a nest egg for retirement that can be passed on to their families."

The final phrase could imply privatization, or it could imply pretty much anything else.

Bush constantly used this kind of language. There was a minor tiff in late October where John Kerry was telling people that Bush was going to "privatize social security" and Bush's people went out and called John Kerry a liar for 2 days straight...

 
At 2/08/2006 06:16:00 PM, Blogger Hirons said...

Willis - you just summed up the Democratic attitude towards the American people and prove why they are no longer the party of the little guy.

 
At 2/09/2006 12:19:00 AM, Blogger criticallythinking said...

Bush isn't privatizing social security.

He wants to let younger workers designate a portion of their social security payments to be returned by the government into tightly controlled, government-approved accounts which are in the taxpayer's name.

He campaigned on this issue constantly, it was on his web site as a poster has pointed out (but oddly wasn't able to discern the meaning).

Privatization was defined by the democrats to mean the end of guaranteed social security benefits paid by the government. That was not what Bush wanted to do.

 

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