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3/07/2005

Choice Quotes on Social Security

This is language I like to see:

Susan Milligan, Boston Globe: "The president is committed to these private accounts," Treasury Secretary John W. Snow said yesterday on ABC's "This Week." "I'm committed to them." Snow said the accounts were "absolutely essential" to revamping the 70-year program. But Democrats, sparring with Republicans on the Sunday talk shows, said they would not even consider an overhaul that included privatization.

"Democrats have said what they'd do. We're not going to negotiate with someone that's trying to destroy [Social Security]. Privatization destroys it," Senator Edward M. Kennedy, Democrat of Massachusetts, said on "This Week." "Privatization cannot be on the table."

In a separate interview, the Senate minority whip, Richard Durbin, Democrat of Illinois, said his party was happy to work with the GOP on Social Security, but not if the president refused to budge on the privatization matter.

"The privatization proposal of the president is going to destroy Social Security as we know it. And let me tell you why. It doesn't strengthen Social Security. It weakens it. It doesn't address the solvency problem," Durbin said on NBC's "Meet the Press."
When Milligan attributes to Durbin the "estimat[ion] that the government would have to borrow $2 million to $5 trillion" to cover transition costs, I bet that first "million" is missing six zeros.

 

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