The United Federation of Teachers

Bush “stays the course” with privatization of social security!

Oct 26, 2006 4:42 PM

President Bush hopes to revive an unpopular proposal to make changes in the national retirement program.

In a interview with Maria Bartiromo which was featured on Hardball with Chris Matthews, Bush said Social Security remains one of the "big items" he wants to tackle next year and he continues to "believe that a worker, at his or her option, ought to be allowed to put some of their own money . . . in a private savings account, an account that they call their own."

The statement appeared to represent no substantive change for the White House, and it varied little from the president's policy.

Just when you thought your Social Security was safe from privatization, George Bush is bringing back his plan to privatize Social Security and cut guaranteed benefits.

It looks like we will have to continue the battle to change the course!

Tom Pappas
RTC Chapter Leader