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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: chalu2 who wrote (18598)	5/9/2000 11:25:00 AM
From: PROLIFE	Read Replies (2) \| Respond to of 769670

chalu2, "I endorse Gov. Bush, I endorse Gov. Bush, I endorse Gov. Bush," McCain repeated exerpt from an article after todays meeting> I hope you will jump on board, as your man has!! Have a good one. dan

To: chalu2 who wrote (18598)	5/11/2000 7:53:00 AM
From: Zoltan!	Respond to of 769670

Senators Moynihan and Kerrey, now honest because they are retiring from Dem politics, support Bush's reform efforts and denounce the AlGore Junior political demagoguery: Sens., Gore At Odds on Retirement By Curt Anderson Associated Press Writer Sunday, May 7, 2000; 12:48 p.m. EDT WASHINGTON - At odds with Vice President Al Gore, two Democratic senators and a Republican colleague said Sunday a portion of Social Security taxes should be invested in private markets to help people save more for retirement. Gore has sharply criticized Republican presidential candidate George W. Bush for advocating a similar approach, but Democratic Sens. Daniel Patrick Moynihan of New York and Bob Kerrey of Nebraska say it would not be risky if designed right. "You're not risking anything like your retirement benefits," Moynihan said on "Fox News Sunday." "They're fixed. They're guaranteed. This is just an extra thing." Moynihan, Kerrey and Sen. Rick Santorum, R-Pa., say the system would be similar to the diverse investments made now by 401(k) and pension fund managers. They added, however, that millions of middle-class people who are not covered by private plans have scant retirement savings. "No one is suggesting that we eliminate the basic benefit of Social Security," Santorum said on CBS' "Face the Nation." "We are denying over half the people of this country the greatest source of wealth, which is gains in the stock market." Moynihan, for example, outlined a bill that would enable a worker to voluntarily invest 2 percentage points of the 12.4 percent Social Security tax now shared by employers and employees. The government would designate which types of investments would be offered, but federal officials would not control the choices made. "Lower-income people would come to retirement and they'd have a little wealth," Moynihan said. Bush last week announced he favored unspecified Social Security individual investment accounts, which Gore immediately called a "stock market roulette" threat to the program. Also appearing on CBS, Sen. Charles Schumer, D-N.Y., said any talk of investing Social Security money in the stock market removes a "safe floor" that people always should be able to count on. Like Gore, Schumer said Bush should release a detailed plan before the November elections. Advisers say Bush will discuss his ideas more in depth this week. "If Bush has a plan to radically change Social Security, he ought to lay it out before the American people before the election," Schumer said. "There should be no secret plan." Sen. Mitch McConnell, R-Ky., said on CNN's "Late Edition" that such details are rarely hashed over in a presidential race. "Very seldom in a campaign do you write a bill," he said. Kerrey said on CBS that Gore campaign chairman Tony Coelho had called to ask about setting up a meeting between the vice president and Democrats who back the legislation creating personal accounts. But Kerrey added: "I don't know that there's any leeway" in Gore's position. Moynihan, the senior Democrat on the Senate Finance Committee, said Social Security itself must be shored up before the huge baby boom generation begins retiring. Two things that should be done immediately, he said, are adjusting the consumer price index and bringing people into the system who are newly hired at state and local governments. Asked if he thought most Democrats would support private investment accounts, Moynihan said "No, we have a great capacity for missing opportunities." washingtonpost.com