Baucus sounds pretty definitive

How do Bush’s odds look for getting the privatization scheme through Congress? Put it this way, one of the chamber’s most moderate Dems is calling Bush’s idea “dead.”

U.S. Senator Max Baucus, the senior Democrat on the Senate Finance Committee, said President George W. Bush’s proposal to create private Social Security accounts has no chance of passing Congress.

“Privatization is dead,” Baucus, a Montana lawmaker, said on Capitol Hill today. The Bush proposal “won’t pass, no way, no how.”

And Baucus was one of the Dems the White House thought Bush might be able to win over.

As far as social security I think they should raise the income level that is taxed and forget the privatization.

  • Well said Cowboy, but why just raise it, eliminate the cap as in Medicare.

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