Zeev's Turnips Talk Politics (ZTTP)

[FinancialAdvisor]

Bush pushes on Social Security

Knight Ridder Newspapers
Dec. 7, 2004 12:00 AM

WASHINGTON - President Bush on Monday launched his campaign in Congress to overhaul Social Security, signaling his determination to proceed even if it means piling up new government debt to pay for the transition to a partly privatized system.

Underscoring his commitment to the issue, Bush invited 16 top congressional leaders, including eight Democrats, to the White House to promote his plan to let workers invest part of their Social Security taxes in the stock market and other investment vehicles.

Bush didn't provide details, but his spokesman said Bush is willing to add to government debt to cover transition costs, which are estimated at $1 trillion to $2 trillion over 10 years.


LINK: http://www.azcentral.com/news/articles/1207socialsecurity07.html