Thomas Bill Does Not Address Social Security Solvency
By Mike Allen and Jonathan Weisman
Washington Post Staff Writers
Friday, June 24, 2005; Page A08
For six months, Republicans have traveled the country as fiscal Paul Reveres, sounding the alarm about the coming collapse of Social Security. Polls showed that although voters did not warm to President Bush's proposed solution, he made substantial headway in convincing them the retirement system is headed for insolvency.
But when House leaders finally rolled out their Social Security plan this week, it did nothing to address the problem that lawmakers and the president have convinced the public is looming as baby boomers retire. Instead, the GOP proposal would create a temporary system of personal accounts that Democrats dismissed as a costly shell game.
~snip~
He said he decided to release the personal accounts plan now because he was "tired of reading all these stories about how nothing was happening and that it was dead in the water."
"This was to show you we're not dead," he said in a brief interview. "We're not moribund. We're not disheartened or whatever. We're working on the larger project. But wait, there's more."
more:
http://www.washingtonpost.com/wp-dyn/content/article/2005/06/23/AR2005062301830.html?nav=hcmodule