Friday, February 04, 2005

Top Republicans Say Bush Plan Hurts Social Security

From American Progress today.....

"Rep. James McCrery (R-LA), chairman of the House Ways and Means Subcommittee on Social Security, admitted yesterday that diverting money from the Social Security trust fund into private accounts will undermine the program. 'That is true....It does decrease the level of the fund,' he stated.

McCrery's statements come on top of those by an 'anonymous' senior White House official who candidly admitted that the president's privatization scheme 'would do nothing to solve the system's long-term financial problems,' according to the LA Times."

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