Bush: Balls to the wall on Social Security!!

[PatPatriot]

Bush: Will Reform Social Security System Now
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD bgColor=#cbcbcd><TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD height=2></TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>[font=Verdana,Sans-serif] [font=Verdana,Sans-Serif]Email this Story[/font]

Nov 4, 12:17 PM (ET)



WASHINGTON (Reuters) - President Bush said on Thursday he planned to start work immediately on reforming America's ailing Social Security retirement system and predicted a long slog ahead.

"We will start on Social Security now. We will start bringing together those in Congress who agree with my assessment that we need to work together," he said in his first news conference after the bitterly contested presidential election.

Bush said reforming Social Security would be a priority during his second term and he predicted it would be very tough and costly.

"But the cost of doing nothing ... is much greater than the cost of reforming the system today," he added.

Bush said he had talked to members of his staff on Thursday and they were planning strategy on how to "move agendas forward" and to do this effectively.

The future of Social Security and the financial strains it faces when 77 million baby boomers begin to retire was a major issue in this year's presidential elections.

Bush had proposed setting aside a portion of Social Security taxes to create individual accounts that workers could invest in stocks and bonds.

Opponents to private accounts say the move will increase the financial strains on Social Security and argue that recent stock market scandals underscore the need to protect the basic benefit of Social Security.




[/font]

 

[DavidMatthews]

Four more years of quotes like this:

"We will start on Social Security now. We will start bringing together those in Congress who agree with my assessment that we need to work together"



:hanging:

 

[D2bets]

I'm 30, and I don't expect to ever see a penny of social security, reform or no reform, no matter how long I live. I'm a realist.

 

[eek.]

Gotta pay for those tax cuts the rich dudes received, and the deficit.

As usual. The little guys can do the heavy lifting. :>Grin>

 

[GAMEFACE]

Doom and gloom.

 

[mudbone]

D2,

I've been contributing to Social Security for 30 years and do not believe I will see a cent either.

But look on the bright side:

Kenny Lay and Dick Cheney got huge tax cuts even though their companies were rocked by massive accounting scandals. Oh Happy Day!