Democrats use broadcasts to fight Bush's Social Security overhaul plan
Posted 8/13/2005 11:19 AM Updated 8/13/2005 12:01 PM
http://www.usatoday.com/news/washington/2005-08-13-social-security-anniversary_x.htmWASHINGTON (AP) — Democratic senators blasted President Bush's proposal to revamp Social Security with optional individual investment accounts on Saturday, the eve of the retirement and disability program's 70th birthday.
Sen. Ken Salazar, D-Colo., spoke in a separate, English-language radio address of the program's unbroken record of paying promised benefits to retirees and people with disabilities.
"It has never been a day late or a dollar short," Salazar said. "But now, that guaranteed benefit is being threatened by a fabricated crisis and a false solution."
Bush asked lawmakers to address the program's long-term finances and establish individual accounts that would let younger workers privately invest some of their Social Security contributions. Democrats opposed the plan and have refused to discuss the matter until the president drops his demand for the individual accounts.
"Retirees look over fliers labled "10 reasons why privatizing social security is the wrong answer" during a party for the 70th anniversary of Social Security. Michael S. Balash, AP/The Repository"