Get Your Blog Up

“This administration is populated by people who’ve spent their careers bashing government. They’re not just small-government conservatives—they’re Grover Norquist, strangle-it-in-the-bathtub conservatives. It’s a cognitive disconnect for them to be able to do something well in an arena that they have so derided and reviled all these years.”

Senator Hillary Clinton

Friday, February 04, 2005

Welcome to Florida!

The Senator:
Sen. Bill Nelson, D-Fla., said the White House staff had not contacted him on the issue, but for now he was leaning against the private accounts.

"I will fight against the cuts to Social Security benefits, the massive borrowing and increase in debt that this will create," he said in a phone interview.

St. Petersburg Times:
We've heard it all before, particularly when he justified tax cut after tax cut and turned a surplus into a record budget deficit. What Bush failed to acknowledge Wednesday night is that by borrowing the money to offer private accounts, he would saddle young workers with a growing national debt that could cancel out any potential benefit. Such an outcome is at least as great a threat to the nation's economic strength as a distant Social Security shortfall.

And the AP files a report which leads:
President Bush, on a road trip to promote private Social Security accounts, acknowledged Friday that his proposal would not by itself fix the future financial problems of the retirement program.

Still not looking good.