Democrats blast fine print of Bush retirement plan

[leftchick]

http://www.reuters.com/financeNewsArticle.jhtml?type=bondsNews&storyID=7532545

WASHINGTON, Feb 3 (Reuters) - Democrats on Thursday said President George W. Bush's proposed overhaul of Social Security would burden future generations with massive debt and undo income protection promised to the elderly since Democrat Franklin Roosevelt was president.

Standing at the entrance to the Roosevelt Memorial, Senate Democratic Leader Harry Reid of Nevada and a number of his colleagues said Bush's plan to divert Social Security taxes into private investment accounts would increase the nation's debt to as much as $30,000 per person by 2015, compared to $12,000 in 2001.

<snip>

"In the same way that it would be immoral from a generational standpoint for a grandparent to borrow from his grandson's college fund to buy a big-screen TV, we believe it is immoral to borrow another $2 trillion from future generations to finance Social Security reform," they said in a letter to the president.

It was signed by 44 Senators, including Vermont independent Sen. James Jeffords. Sen. Ben Nelson of Nebraska was the only Senate Democrat not to sign the letter.

[denverbill]

1. Well, like Republicans give a damn about that.

They've spent the last 4 years borrowing money from future generations to fund tax breaks for billionaires, military spending, and wars.

[TahitiNut]

2. Bushoilini Mantra: "Screw You! More For ME!"

It's a "I don't give a fuck about old people! I don't give a fuck about disabled people! I don't give a fuck about survivors! I want a yacht to live on! Every man for himself!" Social Security scheme.

The "greater fools" are a Republican constituency. Sociopaths!

[BayCityProgressive]

3. what the fuck

is Nelson voting REPUB??

[eagler]

5. He usually does.

nt

[durablend]

4. "I GOTS MINE"

The hell with you!

Repukes don't believe in society other than a gated community (where they can release the hounds when necessary)