Democrats Claim Votes to Halt Social Security Plan

[papau]

http://www.washingtonpost.com/wp-dyn/articles/A55567-2005Feb1.html

washingtonpost.com
Democrats Claim Votes to Halt Social Security Plan
Bush Faces Pressure to Outline Restructuring Amid Senate Opposition to Personal Accounts
By Charles Babington and Mike Allen
Washington Post Staff Writers
Wednesday, February 2, 2005; Page A10


Senate Democrats said yesterday that they have more than enough votes to block President Bush's bid to allow private accounts in Social Security, increasing pressure on the president to begin outlining a plan tonight that might offer enough compromises or incentives to win over at least a handful of Democrats.

"President Bush should forget about privatizing Social Security. It will not happen," Senate Minority Leader Harry M. Reid (D-Nev.) told reporters. He initially said all 44 Senate Democrats had made commitments to oppose personal accounts. Later, acknowledging he had not spoken with all 44, Reid said: "I don't know of a single Democratic senator" who will back the plan.

Because Senate rules require 60 votes in the 100-member chamber to overcome delaying tactics, Democrats appear positioned to block Bush's partial privatization efforts unless he makes concessions that attract moderate Democrats from states that the president carried last fall.

But Bush's challenge goes beyond the Democrats and Sen. James M. Jeffords (I-Vt.), who generally votes with them. Two moderate Republicans -- Sens. Lincoln D. Chafee (R.I.) and Olympia J. Snowe (Maine) -- have sharply criticized the notion of private accounts, and at least two others expressed serious reservations. Senate Majority Leader Bill Frist (R-Tenn.) said he has not tried to measure the plan's support among the 55 GOP senators.

Many House Democrats, and a few Republicans, also have criticized private accounts. But House rules enable the GOP majority to overcome Democratic opposition if Republican leaders lose only a few of their members. House passage would make no difference if the Senate killed the legislation.

Bush has said personal accounts are essential to shore up young workers' faith in Social Security and to help address long-term financial challenges facing the system. Many Democrats say individual accounts would add to the deficit and force at least temporary cuts in Social Security benefits. They say the plan is the wrong solution for a system that is not in crisis.<snip>

<snip>Had Social Security implemented such "price indexing" in 1940, the CRS concluded, the number of poor American retirees would have nearly tripled from the 3.6 million currently beneath the poverty threshold to 10.5 million.

[In Truth We Trust]

1. How about the wash. post using "personal" accounts as opposed to "privat-

ization"? WTF- does anyyone at all have any integrity?

They touch soc.sec and they might as well move to another country.