Thursday, February 09, 2006

Bush Sneaks Social Security Privatization Into Budget


Democrats stand and cheer
at the Jan. 31 State of the Union
address when the president
refers to his losing battle to
privatize Social Security.

Newsweek: Feb. 8—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. | story

Truthdig says: Perhaps he thought no one would notice? Maybe he missed the standing ovation Democrats gave the sinking of that scheme during his State of the Union speech? | video