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Thursday, February 09, 2006 

Bush buried detailed Social Security privatization proposals in his budget.

This was a bad plan before and it is a bad plan now. There will be nothing left for us to retire on nor our children. But - I bet the brokerage firms will profit immensely - not to mention the "approved" stocks that Americans will be allowed to "invest" in. Just another scam to steal money away from hard working citizens. I can't believe he thinks he can "sneak" this in when the public rejected it already once. Jerk.

Via Newsweek:
If you read enough numbers, you never know what you'll find. Take President Bush and private Social Security accounts.

Last year, even though Bush talked endlessly about the supposed joys of private accounts, he never proposed a specific plan to Congress and never put privatization costs in the budget. But this year, with no fanfare whatsoever, Bush stuck a big Social Security privatization plan in the federal budget proposal, which he sent to Congress on Monday.

His plan would let people set up private accounts starting in 2010 and would divert more than $700 billion of Social Security tax revenues to pay for them over the first seven years.

If this comes as a surprise to you, have no fear. You're not alone. Bush didn't pitch private Social Security accounts in his State of the Union Message last week.

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