Chairman Bill Thomas is also planning a major push of his SS privatization/destruction plan via a pension reform bill when Congress returns after Labor Day. If it passes in the House, Frist will take the bill directly to the Senate floor. These corrupt bastards have not given up and will soon try to push Dubya's insane plan to destroy Social Security through the Congress! We must be ready!
http://www.latimes.com/business/la-na-social27aug27,1,2... THE NATION
Bush Gives Social Security a Summer Break
The president has eased up on his push for private accounts. Democrats are pleased, but Republicans say the plan isn't dead yet.
By Joel Havemann and Warren Vieth
Times Staff Writers
August 27, 2005
<>But members of the Bush administration insist he has not given up. "The president is totally committed to Social Security reform," Al Hubbard, director of the National Economic Council, said after Bush met with his economic advisors this month. White House spokesman Scott McClellan said the lull merely reflected the congressional recess, which ends Sept. 6. "This is one of our priorities when Congress returns," he said.
<>Just before beginning its August recess, Congress cleared a number of major items off that plate, including the highway and energy bills and the Central American Free Trade Agreement.
Also working in favor of Bush's Social Security overhaul in September is the fact that House Ways and Means Chairman Bill Thomas (R-Bakersfield) and Senate Finance Chairman Charles E. Grassley (R-Iowa), whose committees have jurisdiction over Social Security, are both outspoken supporters of individual accounts.
The House is expected to act first. Thomas has pushed for legislation that is in the form of a three-legged stool, with one leg for restructuring private pension oversight, one for providing new tax incentives for private savings and the third for overhauling Social Security. Rep. Jim McCrery (R-La.) is a co-sponsor of the bill to start individual accounts with the temporary Social Security surplus, but Thomas is not.
For advocates of individual accounts, the Senate will be a tougher sell than the House. Republicans have an edge of 11 to 9 on the Finance committee, and at least one Republican member, Olympia Snowe of Maine, has come out against individual accounts.
Perhaps that roadblock could be circumvented. DeMint said Senate Majority Leader Bill Frist (R-Tenn.) had told senators that if the House passed a version of DeMint's bill to finance individual accounts out of surplus payroll tax revenues, Frist would bypass the Finance Committee and send the bill straight to the Senate floor.