You turn to us for voices you won't hear anywhere else.

Sign up for Democracy Now!'s Daily Digest to get our latest headlines and stories delivered to your inbox every day.

GOP Lawmakers Downplay Social Security “Crisis”

HeadlineJan 24, 2005

In news on social security, two prominent Republican lawmakers questioned President Bush’s push to privatize social security accounts. House Ways and Means Committee Chairman Bill Thomas appeared on Meet the Press Sunday and questioned Bush’s description of the state of social security as a crisis. Meanwhile Republican Senator Olympia Snowe of Maine Snowe said she opposes the high cost of making the switch to private accounts. The short run cost to the government is estimated to be $1 to $2 trillion. Snowe said “There is a lot of fear among seniors.”

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top