Private accounts not dead after all?
The Bush administration is interrupting its efforts to kill black people long enough to try to strong-arm House passage of a Social Security bill, possibly including private accounts -- at least according to the Dallas Morning News.
Note that this largely speculative piece reads more opinion than news, so I take it with a grain of salt. Moreover, I have my doubts as to whether this will work, but I am encouraged that the administration hasn't completely abandoned the idea.
Congressional Republicans, persisting in hopes of enacting some form of private Social Security option despite opposition from the public and the Democrats, are considering the same kind of maneuver that enabled them to pass a controversial Medicare drug bill two years ago.
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That would appear to be their hope for private Social Security accounts -- pass a bill in the House authorizing private accounts, accept any Social Security vehicle in the Senate that gets the issue to conference and write a final version letting the White House proclaim success.
Comments
GREAT thinking, there, Cyn.
We have yet to pay for a fucking penny of four years' worth of tax cuts which have caused the largest national debt in history, and we should be messing with the balances in the SS trust fund.
This is MOST EXCELLENT GOP financial planning, boy. Couldn't ask for better. You make me sick.
Posted by: asshat | September 10, 2005 10:30 PM