Thursday, April 14, 2005

No new news on Social Security per Bloomberg

Bloomberg has a rather noncommittal story on Bush’s plans for Social Security.

”April 14 (Bloomberg) -- President George W. Bush said overhauling Social Security will ``take a while'' because any proposal will be politically controversial and he is still working to convince the public about the extent of the problem. “

Bush is crossing the country trying to convince voters that Social Security is in immediate crisis and must be revised “Right Now!” But he still hasn’t offered any specifics beyond private accounts, which he has specifically stated do not solve the problem he is trying to convince everyone exists.

In short, no news. Bush still doesn’t know what to do with Social Security. Which is good news for Social Security.

Frankly, I don't think the Republicans can do anything about Social Security. It is going to require a Democratic administration to deal with it.


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