Monday, September 14, 2009
Pelosi and Social Security
Shortly after winning re-election, President George W. Bush claimed a mandate for an ambitious second-term agenda that would include the privatization of Social Security by allowing workers to redirect a portion of their Social Security withholding to private stocks and bonds.[16] Pelosi strongly opposed the privatization of Social Security, and as minority leader imposed intense party discipline on her caucus, leading them to near-unanimous opposition of Bush's proposal.[17] With a unified Democratic Party pushing against the President's plan, Social Security privatization was defeated.[18] Now Social Security is going broke. One thing we know about Congress is this: They cannot stand for Americans to not depend on them.
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