Tuesday, April 12, 2005

AARP says Social Security legislation will not pass this year

Bloomberg News reports that AARP chief executive Bill Novelli said Congress is unlikely to pass a bill restructuring Social Security this year.

Then the Hartford Courant reports a Democratic Congressman holding a town meeting on Social Security in the district of a Republican Congressman. The Courant goes on to point out "Democrats believe an important way to gain voters is by tying Republicans to President Bush's teetering campaign to allow future retirees to have personal Social Security accounts."

Stories like these suggest that both Social Security Phase Out and the Republican Party generally are in trouble at the moment. Of course, it is a long time to the next election, and I'm sure that was part of the calculation when Bush started his phase out effort right after the election.


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