Social Security: Follow the Money

LiberalFromPA

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Monday March 14, 2005 · 6:07 PM PST

2005/03/14 · 18:07

A lot of talk has been made about Bush's real motivation for pushing for the privitization of Social Security.

Doc Sweitzer, Democratic media consultant from Philadelphia, says its about "who gets what", and the who is both Republicans and Wall Street:

First, the administration alleged that its Social Security proposal was necessary because the system was facing a "crisis." But then the Social Security trustees projected that the system would remain solvent until 2043 - which is more financially-secure than almost any other retirement plan in America.

So the administration began arguing that its proposal was necessary to fix the long-term challenges. But a senior Bush aide recently admitted to the Los Angeles Times that Bush's solution, "individual accounts, would do nothing to solve the system's long-term financial problems."

... Bush's actual motivation is straightforward: It's who gets what. His strategic aim is to undermine the Democratic coalition and help Republicans win elections.

(Emphasis mine)

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