Bush Sneaks Social Security Privatization Into Budget
Posted on Feb 9, 2006
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
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.