Friday, August 11, 2006

President Fixated On "Reforming" Social Security Again

"The Bush administration has begun sounding out lawmakers and other key figures about mounting a new bipartisan effort to rein in the costs of Medicare, Medicaid and Social Security after the midterm elections, according to officials in the administration and on Capitol Hill.

No specific plan has been advanced, and administration officials are proceeding gingerly given the political debacle that beset the White House last year when President Bush promoted a plan to create private accounts in the Social Security program. But they have been sending strong signals in recent weeks that they want to try something again after the elections in November.

The new Treasury secretary, former Goldman Sachs chief Henry M. Paulson Jr., has made it clear that a major reason he took the job is to tackle the rising cost of government health and Social Security spending, which he described last week as "the biggest economic issue facing our country."

In his first major policy address since being sworn in July 10, Paulson noted that he has been told by many in Washington that "reform of entitlement programs is just too difficult to achieve" and that politicians will "demagogue" the issue. He said he believes that "when there is a big problem that needs fixing, you should run toward it."

Bush, for his part, appears fixated on the issue, even as he is focused on securing new immigration legislation and preoccupied by several world crises. Despite being forced to shelve his Social Security plan -- which included establishing private investment accounts and reducing guaranteed benefits down the road -- Bush regularly mentions his desire to tackle the issue again.

"We need to cut entitlement spending," the president said in one typical comment last month, as he reviewed the midyear budget numbers. "The easy fix is to say 'Let somebody else deal with it.' This administration is going to continue trying to work with Congress to deal with these issues."

I have said this before and I will say it again, if you vote for Republicans you are voting to "privatize" Social Security which will mean the death of it once and for all. The Republicans despise the program and have wanted to kill it since it started.

Absolutely no doubt about what their intentions are.

Just another reason besides war, tax cuts to the rich, environmental degradation and the biggest defecits in U.S. history to not vote for Republicans.

Do you get it?

Read more about it here.

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