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Bush's Plan: Borrowin $1 Trillion for Social Security

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posted on Dec, 6 2004 @ 06:12 PM
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The White House said on Monday for the first time that President Bush's plan to add personal retirement accounts to Social Security would be financed in part by new government borrowing that could top $1 trillion.
Here is a link to the story: cnn.netscape.cnn.com.../ff/story/0002/20041206/1508815919.htm&PhotoID=20041206WASW402D&floc=NW_1-T

In the story the democrats have vowed to fight Bush on this one because the debt load could become a drag on economical growth. Well, something needs to be done to fixed social security, and with our current defecient Bush really has no options but to borrow, unless he raises taxes. This should be interesting to see if Bush gets his program




posted on Dec, 6 2004 @ 06:33 PM
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I tell you what, the way this president is doing to our economy I will be not surprised if th borrow money is used to pay for other programs also.

I don't feel very comfortable with this move, and for what I saw in the news neither the elderly they are going to fight that.



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