http://feeds.bignewsnetwork.com/redir.php?jid=f66e7c71b5790ff6&cat=c08dd24cec417021Bill Frist's pickle on Social Security
Champion of personal accounts lost big in the marketBy Mark Murray
NBC News
Updated: 5:54 p.m. ET Jan. 25, 2005WASHINGTON - With his party controlling the White House and both chambers of Congress, Senate Majority Leader Bill Frist, R-Tenn., was simply doing his job as he tried to sell President Bush’s plan to revamp Social Security.
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Such voluntary personal accounts, Frist noted, "will not only enhance their future retirement income but also provide them with an opportunity to create a nest egg of wealth that can be passed on to their loved ones."
But Frist, some of his political opponents say, might not be the ideal person to sell this part of Bush’s plan. As it turns out, according to documents filed with the Federal Election Commission, a Frist political campaign fund established in 2000 has actually lost nearly $500,000 in stock market investments since that time. (An FEC spokesman says there are no restrictions against investing campaign money into the stock market, although the practice isn’t that common.)
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