Tuesday, February 22, 2005

Bush Says His Social Security Plan is "Going Nowhere"

How could I have missed this New York Times story a few days ago?

"2 Top G.O.P. Lawmakers Buck Bush on Social Security" By Richard W. Stevenson and Robin Toner....

"The Republican majority leader in the House expressed opposition on Thursday to the idea of increasing or eliminating the cap on earnings subject to the Social Security payroll tax, deflating President Bush's first effort to promote bipartisan trust over how to address the retirement system's projected financial troubles.

The majority leader, Representative Tom DeLay of Texas, said subjecting more earnings to the payroll tax amounted to a tax increase and was unacceptable. His comments came a day after the publication of newspaper interviews in which Mr. Bush left open the possibility of lifting the earnings cap as part of a plan to put Social Security on permanently sound footing.

Speaker J. Dennis Hastert joined Mr. DeLay in distancing House Republicans from the idea. Their quick and negative reaction underscored the difficulty the administration is having in moving forward with its plan to overhaul Social Security, the issue Mr. Bush has put at the top of his domestic agenda and made a test of his political clout.

Acknowledging that he has yet to gain much momentum, Mr. Bush said at a news conference at the White House that his plan was 'going nowhere' unless he could convince Congress and the American people that there was a problem that must be addressed now."
Read the rest here....

Mr. Bush, sounds increasingly like Congress isn't buying it. And neither is the American public.

Mr. Bush, there is NO Social Security crisis. But we do have many other crises and priorites to address as a nation. Time to move on.

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