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To: GraceZ who wrote (25037)	11/5/2004 8:13:26 AM
From: TH	Read Replies (1) \| Respond to of 306849

Grace, "I got all my years and years of social security payments back by having them as a client for 4-5 years." Good for you. That must be very satisfying. 12.5% for SS? I thought the individual rate was around 6% (about 7.5% with the medicare included) and around 15% for self-employed. Maybe Bush is really planning to do some, er radical. Here is a story from the LA Times today. Claims that there is going to be a real focus and a fast track effort. I'll believe it when I see it. * * * Privatized Accounts Moved to 'Fast Track' Los Angeles Times By Warren Vieth and Janet Hook Times Staff Writers WASHINGTON — President Bush (news - web sites) on Thursday set the stage for a monumental legislative battle by placing Social Security (news - web sites) reform at the top of his second-term agenda, even though he acknowledged that no long-term fix would be pain-free. • Latimes.com home page • Subscribe to the Los Angeles Times Although he did not embrace a specific blueprint, Bush said the starting point for discussions was a set of recommendations that in all likelihood would run up the federal debt and reduce government-paid benefits for workers who chose to set up private retirement accounts. "There will be costs," the president told reporters during his first postelection news conference. "But the cost of doing nothing … is much greater than the cost of reforming the system today." Members of Congress and independent policy analysts said the president's remarks signaled a willingness to spend his newly won political clout on an issue so sensitive that leaders had long been reluctant to grapple with it. "He is getting ready for bold action on Social Security. He's getting people prepared," said Rep. Paul Ryan (news, bio, voting record) (R-Wis.), an advocate of private retirement accounts. "It's going to be an enormously bloody fight," predicted Michael Tanner, director of the Project on Social Security Choice at the libertarian Cato Institute. "But the political climate really has changed, and it is possible to do this now…. It's on the fast track." more... story.news.yahoo.com Good Trading TH