Democrat (Wexler) to offer Social Security plan (finally)
Yes, finally someone from the Democrat side is at least offering a plan...
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Were it not for President Bush taking the bull by the horns and trying to get something done on the issue of Social Security, we might not even be having a discussion of how right or wrong the President's plan (which is still coming together and hasn't been officially formulated and released for consumption and real discussion) is. During all of these discussions and arguments over the impact the President's plan (actually, it's more a "vision" for Social Security) there's been precious little to compare coming from the other side. Most Democrats have sat on their hands and not put themselves out on the line to really offer their own alternatives or any sort of plan.
Now it seems that at least one may be ready to put forth a plan of his own. Read on for an article from USA Today. Headline is linked.
Posted 5/15/2005 12:02 AM Updated 5/15/2005 7:17 AM
Democrat to offer Social Security plan
WASHINGTON (AP) — Breaking with party leaders, a Democratic congressman plans to introduce Social Security legislation, saying his first commitment is to his constituents.
Photo by Rick Silva, AP file (USA Today)
Rep. Robert Wexler, D-Fla.:
"My allegiance to seniors is greater than my allegiance to the Democratic Party."
Rep. Robert Wexler, D-Fla., said Friday: "I have the largest amount of Social Security recipients of any Democrat anywhere in the country. My allegiance to seniors is greater than my allegiance to the Democratic Party."
While Wexler is proposing tax increases that would clash with President Bush's pledge not to expand the existing payroll tax, his legislation was heralded by the White House in part because Democrats had steadfastly refused to offer an alternative to Bush's plan. The president's proposal calls for creating private investment accounts and a new method for calculating future benefit growth.
Democrats have refused to put an alternative on the table until Bush drops his insistence on private accounts, which they say would destroy the Depression-era system by depriving it of critical funding.
"I would be surprised if the president were anything but pleased there is another voice with the courage to stand up and put a proposal on the table," said White House spokesman Trent Duffy. "Obviously we haven't seen the specifics on this plan, but I think the president welcomes anyone who wants to work in a good-faith effort to solve the serious challenges facing Social Security."
Wexler's bill calls for a 6% tax on all income above the current $90,000 cap. Three% would be paid by workers and 3% paid by their employer.
At the same time, the bill would reinstitute "pay-go" rules for federal budgeting, requiring that any tax cuts or increase in entitlement spending be paid for either by raising taxes or cutting spending elsewhere. The requirement expired at the end of 2002.
Wexler's proposal, which he will unveil in Florida on Monday, would not require any cut in scheduled benefits or increase in the retirement age, and it does not provide for private accounts.
"The president's approach cuts benefits and it creates a privatization scheme, and on top of that does not ensure the solvency of Social Security," said Wexler, whose district includes the largest number of Social Security beneficiaries of any Democrat in the country.
The congressman said his bill, which has been reviewed by the Congressional Budget Office, would achieve solvency by eliminating the $2.1 billion program shortfall estimated by the nonpartisan agency. Social Security's trustees have pegged the figured at $3.9 billion.
"The president traveled the country for the past two months and effectively challenged the Democrats to make their own plan," Wexler said. "Today, that challenge is responded to."
House Minority Leader Nancy Pelosi, D-Calif., recently quashed a meeting in which some of her fellow Democrats were set to discuss Social Security with the head of the AARP and a group of Republicans.
Wexler said he had twice spoken with Pelosi about his plan. While he would not reveal her reaction, he said, "It would be wrong to assume it was a receptive conversation."
... more at linked article
emphasis added
Original materials apparently from Associated Press
Note the section that I've added emphasis to. I could have done the same to earlier section also Democrats have refused to put an alternative on the table until Bush drops his insistence on private accounts, which they say would destroy the Depression-era system by depriving it of critical funding.
Basically, most Democrats have refused to even talk about this issue until it no longer even resembles the President's "plan", but in doing so, they've been hurting their party and leaving a vacuum that they hope will be filled by their friends in the main stream media, the AARP and other organizations that they "can count on" to bash Bush for them (like a certain C.O.L. stooge has so ably done here at Joe User for them).
It's nice to see at least one Democrat that understands the greater responsibility and duty that is owed to the U.S. citizens.
Now it seems that at least one may be ready to put forth a plan of his own. Read on for an article from USA Today. Headline is linked.
Posted 5/15/2005 12:02 AM Updated 5/15/2005 7:17 AM
Democrat to offer Social Security plan
WASHINGTON (AP) — Breaking with party leaders, a Democratic congressman plans to introduce Social Security legislation, saying his first commitment is to his constituents.
Photo by Rick Silva, AP file (USA Today)
Rep. Robert Wexler, D-Fla.:
"My allegiance to seniors is greater than my allegiance to the Democratic Party."
Rep. Robert Wexler, D-Fla., said Friday: "I have the largest amount of Social Security recipients of any Democrat anywhere in the country. My allegiance to seniors is greater than my allegiance to the Democratic Party."
While Wexler is proposing tax increases that would clash with President Bush's pledge not to expand the existing payroll tax, his legislation was heralded by the White House in part because Democrats had steadfastly refused to offer an alternative to Bush's plan. The president's proposal calls for creating private investment accounts and a new method for calculating future benefit growth.
Democrats have refused to put an alternative on the table until Bush drops his insistence on private accounts, which they say would destroy the Depression-era system by depriving it of critical funding.
"I would be surprised if the president were anything but pleased there is another voice with the courage to stand up and put a proposal on the table," said White House spokesman Trent Duffy. "Obviously we haven't seen the specifics on this plan, but I think the president welcomes anyone who wants to work in a good-faith effort to solve the serious challenges facing Social Security."
Wexler's bill calls for a 6% tax on all income above the current $90,000 cap. Three% would be paid by workers and 3% paid by their employer.
At the same time, the bill would reinstitute "pay-go" rules for federal budgeting, requiring that any tax cuts or increase in entitlement spending be paid for either by raising taxes or cutting spending elsewhere. The requirement expired at the end of 2002.
Wexler's proposal, which he will unveil in Florida on Monday, would not require any cut in scheduled benefits or increase in the retirement age, and it does not provide for private accounts.
"The president's approach cuts benefits and it creates a privatization scheme, and on top of that does not ensure the solvency of Social Security," said Wexler, whose district includes the largest number of Social Security beneficiaries of any Democrat in the country.
The congressman said his bill, which has been reviewed by the Congressional Budget Office, would achieve solvency by eliminating the $2.1 billion program shortfall estimated by the nonpartisan agency. Social Security's trustees have pegged the figured at $3.9 billion.
"The president traveled the country for the past two months and effectively challenged the Democrats to make their own plan," Wexler said. "Today, that challenge is responded to."
House Minority Leader Nancy Pelosi, D-Calif., recently quashed a meeting in which some of her fellow Democrats were set to discuss Social Security with the head of the AARP and a group of Republicans.
Wexler said he had twice spoken with Pelosi about his plan. While he would not reveal her reaction, he said, "It would be wrong to assume it was a receptive conversation."
... more at linked article
emphasis added
Original materials apparently from Associated Press
Note the section that I've added emphasis to. I could have done the same to earlier section also Democrats have refused to put an alternative on the table until Bush drops his insistence on private accounts, which they say would destroy the Depression-era system by depriving it of critical funding.
Basically, most Democrats have refused to even talk about this issue until it no longer even resembles the President's "plan", but in doing so, they've been hurting their party and leaving a vacuum that they hope will be filled by their friends in the main stream media, the AARP and other organizations that they "can count on" to bash Bush for them (like a certain C.O.L. stooge has so ably done here at Joe User for them).
It's nice to see at least one Democrat that understands the greater responsibility and duty that is owed to the U.S. citizens.
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