Friday, February 04, 2005

Republicans admit that privatization will reduce trust fund

http://newsobserver.com/24hour/politics/story/2087170p-10152136c.html

"The AARP and the Democrats think if you divert some money from the trust fund," the existing program will be undermined, [the subcommittee's current chairman] McCrery said. "That is true on its face. It does decrease the level of the trust fund. Politically, that's going to be a very strong tool that (opponents) can use to defeat a plan."

1 comment:

Gonzo said...

There are pitfalls which is why I'm not 100% on-board with Bush's plan. I still say scrap the whole damn thing for people under 40.