Under Cover
Sep 7th, 2005 at 9:22 am by Susie
I wish someone in the Democratic leadership would pay attention to this. According to the Washington bureau chief of the Dallas Morning News, the Republicans plan to push private accounts through the back door on a procedural vote:
Congressional Republicans, persisting in hopes of enacting some form of private Social Security option despite opposition from the public and the Democrats, are considering the same kind of maneuver that enabled them to pass a controversial Medicare drug bill two years ago.
That’s the clear signal from key GOP congressional leaders and chief White House strategist Karl Rove, one of the main architects of the Social Security proposal that President Bush made his top 2005 priority.
Mr. Rove, speaking to college students and lobbyists before Congress went on its current recess, said the House would act next month and the Senate soon after, according to the congressional newspaper The Hill .
And Rep. Bill Thomas, R-Calif., chairman of the Ways and Means Committee and one of his party’s canniest operatives, said without giving details that his panel would introduce a retirement security bill in September. [...]
Because the Senate had passed a similar bill, Republicans could take the measure to a Senate-House conference. By excluding most Democrats from any role, they crafted the kind of bill they wanted in the first place.
That would appear to be their hope for private Social Security accounts – pass a bill in the House authorizing private accounts, accept any Social Security vehicle in the Senate that gets the issue to conference and write a final version letting the White House proclaim success.
In recent weeks, various members have floated several different versions that could form the basis of a GOP bill.
Some House Republicans, including Rep. Sam Johnson of Plano, would use Social Security’s current surpluses for private accounts, rather than to curb the overall budget deficit. But that not only would fail to address the system’s solvency, it also is likely to make the budget situation worse.
IF it can be fucked up the chimp and his minions in congress will do it…
Let them eat brioche!
Their gall is unbelieveable.
Their gall is predictable. A leopard doesn’t change his spots.
I feel like I fell asleep and woke up in 1936 Nazi Germany.
Man, I hope it does pass. They have already said you could do it the way it is now or put it in private. So those of you who like the way it is, keep drawing your 1% annually in SS and when you die, your family get jack shit. Or be wise and let your money compound around 8-10% annually and your family gets what is in the account when you die! Cases like this is why you lower class citizens will ALWAYS be lower class. You do not know how to make money
Alright Andy! That’s what I’m talking about. Burned any homeless people lately? The government should be a vehicle for your class hatred! A way for you to gain while others eat your dust and die poor! Awesome! Keep up the good work!
Andy, SS isn’t an investment it’s insurance. Besides interest rates would double overnight if we enact private accounts at the same time as we run a huge defecit.
Andy
The plan is for the Feds to charge you 3% plus the inflation rate on an annual basis. This is in addition to any investment house charges. How much are you going to make?
And, given the behavior of this group, you will probably get a lot of Enrons, GMs and Fords to invest in.
Andy,
How does it feel to be a symptom?
What a moron. Hey genius, did you know that anything your account earns above the standard return WOULD REVERT TO THE GOVERNMENT under every Republican plan they’ve proposed?
This is the same kind of Tyranny that our founding fathers faced over 200 years ago.
8-10% annually?
LOL.
Good luck, pal
Here’s a question: If everyone in the country get 8-10% annual returns, who are the suckers who are buying up an entire countries sales so that they can all get 8-10%?
Great idea, financial genius. Time to take the wife to the sizzler and leave facts to people who have a brain.
Andy. You took the time to read this post on Social Security. Please take the time to read the actual plan the Christian Nationalists have put forward.
You regurgitate the talking points you heard on TV rather than actually look into it yourself.
You are the reason Christian Nationalists have underfunded education for so many years. They know that a poorly educated public will follow their lead regardless of the consequences.
http://www.innworldreport.net/video/2005-08-22i.wmv
http://famguardian1.org/Media/HowToKeep100-230Kbit.wmv
(Sorry in the last one the links were bad)
C’mon people, realize that what makes conservatives conservative is that they don’t relate to poverty. They have no imagination and assume that everyone has equal opportunity. I mean, this is America, isn’t it?
Gulp.
Geez, not a day goes by when the “Let Them Eat Cake” crowd
doesn’t check in.
yo, this aint ameria anymore. the way i see the only good republician presedebt was Teddy Roosvelt. Back then america was america. not this steaming pile of sh*t
No pain, no savings on Social Security
By Gene Sperling
January 6, 2005
If President Bush truly wants a bipartisan agreement on Social Security reform, he should recognize that he can keep the system solvent, increase savings and promote his ownership agenda without dividing Washington by carving Social Security into private accounts.
http://www.signonsandiego.com/uniontrib/20050106/news_lz1e6sperling.html
Social Security is one of America’s most successful government programs. It has helped millions of Americans avoid poverty in old age, upon becoming disabled, or after the death of a family wage earner.
http://www.brookings.edu/views/papers/orszag/200504security.htm
http://www.cbo.gov/showdoc.cfm?index=6044&sequence=0
Sperling, Orszag & Diamond are some pretty sharp characters,
if you’re not familiar with their plan, its worth checking out.
andy is not an idiot.
He’s paid to spin.
He’s a paid shill.
Andy, you know it’s true, because the only alternative is stupidity, since stupid people are too ignorant to lie effectively,.
gino is right…the neocons planted countless shills in the chat rooms prior to the election as well…
8-10 %
PLEASSSSSSSSE.
Why would you type such a lie?
Andy — If your computer can play little web-movies, please go to http://ecolanguage.net/ and click on “Social Security: The Real connections.” It’s an animated flow-chart to show you what’s really happening, and why. It incorporates information from the papers by Sperling, Diamond, and Orszag, and much else besides.
Was there ever really an America?
If the Constitution states, we the people, then where inside does it ever
state- but we’re the government?
Enron? The others? An the Gov. seeks
to spill our ’sweat’ dollars into the
suss-pool?
Well, you simply don’t have ANY SS
largely due to mis-guided investment
info you foolishly followed by placing
your monetary amount into the wrong
trade locations - sorry, no help for
you.
Privatizing SS is simply another method
in placing more cash into someone
else’s pocket.
Millionaires have been created working
the stock market? Yes, the more shrewd
intuitive types. The average ‘joe’?
Once again the ‘American’ government
will attempt to ‘over-ride’ the public
opinion and push more of their own
ideas into the mainstream… democrocy?
Hurry up, everyone place their money on
the ‘Big Three’ so when they each fold,
the ‘higher echelon’ in management can
receive their severence pay…..
How many companys have sold out to
‘foreign investors’? How many foreign
‘investors’ now each own large portions
of ‘America’? Does America belong to
‘American People’ or has it all been
sold over seas?
We walk on ground someone else has
placed a ‘price-tag’ on… pay up or
move on…
If Americans could wisen up to the
methods being used to slowly strip
everything the founding fathers died
attempting to achieve, no more ‘loans’
would be sought from the bank, credit
cards would no longer exist and
‘bigosh’… just look at how life is
WITHOUT LIVING IN DEBT!
As Hurricane Katrina quickly showed
most, even with everything you have,
you still end up with nothing…
American government sees to that.
The only thing valuable on this earth
is how well humans treat one another
and unfortunately there will always be
those out to get more than everyone
else. As long as the masses continue
to allow them to do so, they will
continue.
Katrina’s ‘victims’ fully experience
where the government stands and the
tragedy of losing all they once owned.
The sad reality is none of us own what
we have, as it remains once we’re gone.
The American government ‘owns’ each of
us and treats us how ‘they’ see fit…
just make sure to ‘…earn your keep..’
as “Powell” told the Iraqis our
government would ‘teach’ them.
PAY UP, OR GET OFF THE EARTH is how it
sounded to me.
As long as things continue as they are,
THERE WILL NEVER BE FREEDOM… even in
the one country ‘claiming’ to offer it.
All we have, and all we need… is eachother. Without friends, family, or
a loved one… we are merely food for the greedy.
SLAVERY exists for ALL nationalities, everywhere… there remains zero
freedom.
Sneaky
Dallas Morning News: Bush’s Social Security plan may hinge on the House: Congressional Republicans, persisting in hopes of enacting some…
I see andy has swallowed Bush, Inc.’s sales pitch, hook line and sinker. Let’s all cheer for the free market, eh?
I might not mind privatized social security if I could take all the contributions I have made and my employers have made into the system over the last 37 years , then choose the investment vehicle of my choice and keep 100% any of the returns that come about until I retire in 14 years.
Why do I doubt that would happen?
Additionally, that particular greedy way of looking at it wouldn’t provide for the underemployed, the disabled and the others who presently have no choice but to receive meager SS benefits for their subsistence.
On the other hand, it would prevent the government from borrowing against my funds to finance one boondoggle after another.
You know you’re having a bad day when you spell your own pen name wrong