Social Security...they don't get it and got to fuck with it anyway

[greenbriar]

WASHINGTON - With the acquiescence of their leaders, key House Republicans are drafting Social Security legislation stripped of President Bush's proposed personal accounts financed with payroll taxes and lacking provisions aimed at assuring long-term solvency

<snip> there is more

http://news.yahoo.com/news?tmpl=story&u=/ap/20050622/ap_on_go_co/social_security

[whistle]

1. Sure, get a plan on the table, get the House/Senate to approve....

...it, then switch to private accounts on final vote and have president sign it. Re-pukes will pull that kind of shit every time!

[greenbriar]

2. Bait and switch???

these bastards will stop at nothing.

[newportdadde]

3. They have to have the money for the market.

"that Social Security surplus funds will be held inviolate, available only to create individual accounts "

:woohoo: more mandatory money coming in for more overvalued trash.

"In addition, the GOP bill "doesn't deal with solvency," according to another official, indicating it would avoid the difficult choices of curbs on benefits, higher taxes or changes in the retirement age needed to implement the president's call for long-term financial stability."

They will never give up on a plan to put money in the market. They couldn't get the private accounts so they just want to use the surplus. Well that means less General Fund Money... now that money should have never been in the GF to begin with but that will mean program cuts to make up the difference or higher taxes or just a greater deficeit. Probably will just push interest rates even higher as we have to lure in others to take up that Treasury debt.

Wall Street needs it desperately with all the older folks getting ready to pull 401k money and a flat market for 5 years, they are salivating.