the Sugar Conspiracy

Monday, December 13, 2004

More social securty cuts planned

President Bush, who has promised that his plan to allow private investment accounts in Social Security would give workers a ''better rate of return," is seriously mulling a companion effort that could cut future promised retirement benefits for millions of workers by 6 percent, even when potential gains from private accounts are included, analysts said.

While Bush is weeks away from unveiling his plan, two senior White House officials said in interviews that the president is looking at a dramatic overhaul of Social Security that would go much further than allowing private accounts because the system is rapidly going bankrupt.

Story.

posted by chris at 3:04 PM
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