WP
House Democrats intend to propose a retirement-savings plan today that will be their first leadership-backed alternative to Republican plans for a broad retirement-security package, which includes changes to Social Security.
The Democratic plan, called AmeriSave, would increase incentives for middle-class workers to participate in 401(k) retirement accounts and individual retirement accounts. It would also create tax credits for small businesses that set up retirement accounts for their employees.While Democrats have debated whether it is in their interest to propose an alternative to President Bush’s plan to add individual accounts to Social Security, Republicans have asserted that the Democrats have no plan. House Democrats say they will not issue a Social Security plan until Bush takes any form of privatization off the table.
House Democratic leader Nancy Pelosi (Calif.) said her party is “fighting to strengthen and safeguard Social Security’s guaranteed benefit but more must done so that every American has the opportunity to build a secure retirement.” She said the plan “will build retirement security by expanding opportunities to save and guaranteeing workers receive the benefits that they have been promised.”
The AmeriSave announcement is designed to partially preempt Ways and Means Committee Chairman Bill Thomas (R-Calif.), who plans to focus on retirement security in September. Bush had proposed adding individual accounts to Social Security for younger workers, but the idea did not win public support. He has now started talking about his plan as “senior security.”
98-So the government is committed by taking our money and allowing the system to go broke?
100.
I talked to my dogs, cat, cavies, hamsters and lizards and they really had no opinion on the subject.
Except my Golden Retriever named Shadow- he barked and wanted a treat.
Ted
100 that’s why polls talk to more than we do and that’s why polls are more significant than what your Mom or my Mom (is it okay to say “Mom”?) think. the polls, pcd’s contention that they are ‘liberal’ polls notwithstanding seem to disagree with your family & their friends.
again, that’s why some advocates of Bush’s plan are negotiating as fast as they can to find something that is acceptable to the masses.
it ain’t gonna look like his initial offering, i’ll wager. at least he tried.
social security also serves people with disabilities, widow(er)s, and children.
101,
Anyone who faces facts realizes that the government does a poor and inefficient job when tasked with any money that is handed to them. The less they get, the better off we are. Anything that the government does that can be done in the private sector should be done in the private sector.
Ted
103-972 people DO NO decide what is best for me.
By the way, my bird reminded me that it is the press that is portraying this idea as not catching on. He reminded me that GWB and his Mom are on a cross country tour promoting it.
yeah i saw the cute pic of Mom promoting it. the big gun with older women.
106 – polls determine much of what bills consist of/ what legislation – what proposals are brought forth in what time etc.
internal polling goes on all the time at the WH to test talking points, speech texts & many other things that determine what goes on.
many other people determine what goes on in all our lives, but i certainly agree, perhaps not for our own good.
cheer leading does not seem to be turning this issue around for Bush.
it’s kind of like Dan Quayle who for 4 years was ‘still gaining acceptance’.
at some point you gotta see what’s what.
109, like being pro-choice was a winner? Like Being anti-Christian is a winner? The “Popular Wisdom” myths are being busted, shiloh. The one concerning Soc. Sec. is next, your propaganda not withstanding.
long live the ideals of 1776 down with the real red’s.