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

To: Frank Griffin who wrote (52505)	10/26/2000 2:14:44 AM
From: Mr. Whist	Read Replies (1) \| Respond to of 769667

Frank: I hate to pop your Bush bubble, but Bush's Social Security plan is risky, to say the least. Possibly even disastrous. Worries about a secure retirement are an enormous source of stress for America's workers. They've seen corporation after corporation raid company pension plans in the early and mid '80s. The Bush plan to privatize part of the retirement fund is so risky that three prominent Social Security experts, including a former Social Security commissioner who served under both Republicans and Democrats (last name Bahr), wrote Bush in September asking him to explain how he thinks his approach can work. "The arithmetic is simple," the experts said, warning that Bush's proposal would drain $1 trillion from SS and threaten benefits for millions of people nearing retirement. "We do not understand how you are going to keep your promise not to cut Social Security benefits for those at or near retirement, while diverting substantial payroll tax revenues into private accounts," the experts said. "You (Bush) owe it to the American people to explain how you will pay for your proposal and how it will impact America." GWB's plan may include a hike in the retirement age -- to 70. But he has refused to say so on the record. Newspaper editorials across the country have hammered Bush's SS proposal and taken him to task for refusing to spell out details. "George W. Bush has offered a plan that would kill the most important government program of this century," said The New York Daily News. "And the worst of it, he (Bush) seems blithely unaware of the danger."