Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Sleight of Hand: Bush Buried Detailed Social Security Privatization Proposals in his Budget
Newsweek ^ | February 8, 2006 | Allan Sloan

Posted on 02/08/2006 9:24:57 AM PST by West Coast Conservative

If you read enough numbers, you never know what you'll find. Take President Bush and private Social Security accounts.

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.

His plan would let people set up private accounts starting in 2010 and would divert more than $700 billion of Social Security tax revenues to pay for them over the first seven years.

If this comes as a surprise to you, have no fear. You're not alone. Bush didn't pitch private Social Security accounts in his State of the Union Message last week.

First, he drew a mocking standing ovation from Democrats by saying that "Congress did not act last year on my proposal to save Social Security," even though, as I said, he'd never submitted specific legislation.

Then he seemed to be kicking the Social Security problem a few years down the road in typical Washington fashion when he asked Congress "to join me in creating a commission to examine the full impact of baby-boom retirements on Social Security, Medicare and Medicaid," adding that the commission would be bipartisan "and offer bipartisan solutions."

But anyone who thought that Bush would wait for bipartisanship to deal with Social Security was wrong. Instead, he stuck his own privatization proposals into his proposed budget.

"The Democrats were laughing all the way to the funeral of Social Security modernization," White House spokesman Trent Duffy told me in an interview Tuesday, but "the president still cares deeply about this."

(Excerpt) Read more at msnbc.msn.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Culture/Society; Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: budget; bush; congress; genx; privatization; socialsecurity; ssprivatization
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-99 next last
To: West Coast Conservative; qam1

From what country will F'in Kerry call for a filibuster this time?


41 posted on 02/08/2006 10:53:53 AM PST by uglybiker (If a Liberal said something, and there was no one around to hear. Would it still be stupid?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: West Coast Conservative

Hooah!


42 posted on 02/08/2006 10:59:43 AM PST by roaddog727 (P=3/8 A. or, P=plenty...............)
[ Post Reply | Private Reply | To 1 | View Replies]

To: West Coast Conservative
What remains to be seen is whether this time around Bush follows through on forming a bipartisan commission and whether he can get credible Democrats to join it.

First, he's have to find a few of those, which might be the most difficult task of all.
43 posted on 02/08/2006 11:01:59 AM PST by TheCornerOffice
[ Post Reply | Private Reply | To 1 | View Replies]

To: Txsleuth

"I don't have a clue why he is being so stubborn on the 'guest worker program' . . ."

I'm a Texan, and I'm very concerned about illegal immigration, too, but I also think I know what's happening.

1) The whole issue is very complicated. It's been tough maintaining a good economy after the Clinton recession and 911. As much as we'd like to deny it, the underground workforce is has a big effect on the overall economy. Messing with it will create problems. Doesn't mean I agree, but I do understand.

2) Bigger issue: population. Bush, despite the aw-shucks facade, is a sophisticated and visionary thinker. The guy sees the big picture, whether it be the entitlement dilemma, Islamic terrorism, or other threats. And he doesn't back down.

Us white folks whose families have been here since the 1600s are not producing enough babies to maintain our population and keep this country viable. Neither are black families who are part of the educated middle class. We yearn for prosperity, and, let's face it: kids are a drain on the pocketbook.

From the economy, to revenue, to innovation, to the armies that defend us, we have to have people. Without immigration, we will die, like "Old Europe" is doing now.

Better Mexicans than Arabs.

If, as a Texan, you know Mexican families like I do, you know that they are mostly hard-working, church-going, good folks with big families. Very family-oriented, so much so that their kids tend to drop out of school at 16 to help make ends meet.

They pay taxes. They pay into Social Security. They make great soldiers. Look at the casualty lists from Iraq. Even those illegals who are overburdening our schools and welfare systems want to be legitimized and allowed to pay into the system.

The violent Mexican gangs are very much an exception. They do not represent the average and ubiquitous Mexican immigrant.

I know what I've just said is not popular, but I believe it to be the truth. The US needs a stable and committed population to survive, financially and militarily. The dilemma is how to sift through those trying to enter and legitimize the good guys.

That's what the Guest Worker program is all about.

My opinion. Take it for what it's worth.


44 posted on 02/08/2006 11:11:35 AM PST by Jedidah
[ Post Reply | Private Reply | To 34 | View Replies]

To: Reagan Man
Well Reagan won by out spending every body with a budget deficient of 5-6% of GDP. Bush has a budget deficient of 3% of GDP with lower interest rates, lower taxes, lower unemployment, and with a much larger population. He has handled a war without sacrificing the economy or having a huge budget deficient in relation to GDP. Reagan had his chance at government spending. He could have attacked SS, Medicare, Medicaid, and tried to close the borders but he didn't. We will have to wait and see how Bush's supreme court appointees work out, we already know how Reagen's worked out.
45 posted on 02/08/2006 11:24:07 AM PST by jec41 (Screaming Eagle)
[ Post Reply | Private Reply | To 27 | View Replies]

To: Jedidah

I appreciate your opinion very much...it is well thought out and, probably very close to being correct.

And, like you said, not very popular.

I think that the MEDIA that is usually considered conservative are behind a lot of the "angst"...and it makes all of us on the "conservative" sites even more combative.

Thanks for your post...I liked it a lot.

I do know one thing...neither the democrats OR the Republicans, with the exeception of a few, like JD Hayworth are willing to tackle this during an election year...so I wouldn't look to any real legislation DONE this year..IMHO>


46 posted on 02/08/2006 11:31:16 AM PST by Txsleuth (l drink tea, not kool-aid.)
[ Post Reply | Private Reply | To 44 | View Replies]

To: jmc813

"Notice ONE constant? They NEVER attack the Left on anything. ALL 100% of their posting is firing on what is supposedly THEIR side."

I can't speak for everyone, but the guy you addressed this post to is a VERY vocal critic of both the left as well as the GOP when deserved.






That has been my impression as well.


47 posted on 02/08/2006 11:34:46 AM PST by rob777 (Personal Responsibility is the Price of Freedom)
[ Post Reply | Private Reply | To 39 | View Replies]

To: Txsleuth
would be if their companys offer a MATCHING 401K.

One that isn't invested solely in company stock.

Or Lotto-backed bonds.

48 posted on 02/08/2006 11:35:43 AM PST by ArmstedFragg
[ Post Reply | Private Reply | To 18 | View Replies]

To: Jedidah

bump


49 posted on 02/08/2006 11:53:01 AM PST by prairiebreeze (Brought to you by the American Democrat Party. aka Al Qaeda, Western Division.)
[ Post Reply | Private Reply | To 44 | View Replies]

To: ArmstedFragg

Yes...you are correct...I forgot to add that...thank you.


50 posted on 02/08/2006 11:55:47 AM PST by Txsleuth (l drink tea, not kool-aid.)
[ Post Reply | Private Reply | To 48 | View Replies]

To: Mr_Peter

Nobody suggested the President could change the law with a proposed budget. Why shouldn't he put a plan into his budget? If the report is accurate, what's there to lose except making the Democrats have yet one more hysterical public fit and yet again state they are against SS reform? And possibly getting some Republicans to grow a spine on the issue.

Finally, you post little on this forum (don't bother trotting out your sign up date, it means nothing) and yet you come on this thread to call the President a moron.

*sniff!*


51 posted on 02/08/2006 11:58:29 AM PST by prairiebreeze (Brought to you by the American Democrat Party. aka Al Qaeda, Western Division.)
[ Post Reply | Private Reply | To 13 | View Replies]

To: Mr_Peter
We all know who the moron is in this post.


52 posted on 02/08/2006 12:01:56 PM PST by bill1952 ("All that we do is done with an eye towards something else.")
[ Post Reply | Private Reply | To 13 | View Replies]

To: Txsleuth

It seems the young people are actually somewhat conservative, tuned in to savings, investments, 401K plans, etc. They know that SS is not likely to be there for them and many are looking at viable options. They now have access to the world through their keyboards and many are poised to take full advantage. They give me great hope.


53 posted on 02/08/2006 12:05:50 PM PST by maxter
[ Post Reply | Private Reply | To 18 | View Replies]

To: Jedidah
Us white folks whose families have been here since the 1600s are not producing enough babies to maintain our population and keep this country viable. Neither are black families who are part of the educated middle class. We yearn for prosperity, and, let's face it: kids are a drain on the pocketbook

Sorry, thats untrue.

There is a huge difference between remaining viable, and a population explosion that strains the very fabric of our society and its resources,

When I was in HS the population was approaching the 200 million mark.

I assume that you know what it is now?

We did not get over 150 million immigrants in that time, and I further say that this type growth of unrestrained "growth" would be more properly termed "cancer."

54 posted on 02/08/2006 12:09:33 PM PST by bill1952 ("All that we do is done with an eye towards something else.")
[ Post Reply | Private Reply | To 44 | View Replies]

To: West Coast Conservative
Image hosted by TinyPic.com  Yee-haw! Hope it's true. Force the issue onto the table. Thank you, Mr. President.
55 posted on 02/08/2006 12:21:46 PM PST by Pirate21 (The liberal media are as sheep clearing the path along which they will be lead to the slaughter.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: KarlInOhio
Now to track down the details...

If you find them, would you consider posting (a link to) them, please? Thanks. Appreciate it.
56 posted on 02/08/2006 12:26:28 PM PST by Pirate21 (The liberal media are as sheep clearing the path along which they will be lead to the slaughter.)
[ Post Reply | Private Reply | To 35 | View Replies]

To: Soul Seeker
>>>>The rest of your post is tiresome rhetoric.

Not to conservatives. Conservatives place factual truth above all else. You want to keep giving Bush a pass on his domestic spending agenda, his expansion of the federal bureaucracy and his opposition to immigration reform, have at it. Make all the excuses you like. You can bet I'll be holding Bush and the GOP Congress accountable for their actions whenever they don't conform to the conservative principles and whenever they attempt to advance a liberal agenda.

57 posted on 02/08/2006 12:29:39 PM PST by Reagan Man (Secure our borders;punish employers who hire illegals;stop all welfare to illegals)
[ Post Reply | Private Reply | To 36 | View Replies]

To: jmc813

Thanks for speaking the truth.


58 posted on 02/08/2006 12:31:37 PM PST by Reagan Man (Secure our borders;punish employers who hire illegals;stop all welfare to illegals)
[ Post Reply | Private Reply | To 39 | View Replies]

To: prairiebreeze
"Finally, you post little on this forum "

True. So what?

I can't defend Bush anymore. I agree with the liberals on this one...he is a moron. The social security issue is a loser. Won't happen. My taxes are still WAY TOO HIGH. He can't make the cuts permanent. We are in a war we can't win. Our borders are leaky, and not secure. Government has never been bigger, nor the deficit higher.

So, let me ask you. Do you think anything would be different if we elected Gore or Kerry? I don't. (ok, maybe the supreme court nominations...but that's it).

59 posted on 02/08/2006 1:08:34 PM PST by Mr_Peter (Don't let the door hit ya in the a$$ on the way out Bushy...but don't let a Democrat in!)
[ Post Reply | Private Reply | To 51 | View Replies]

To: West Coast Conservative

sshhhhhh!!


60 posted on 02/08/2006 1:09:38 PM PST by wouldntbprudent (If you can: Contribute more (babies) to the next generation of God-fearing American Patriots!)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-99 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson