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DEMOCRATS ASK THEIR QUESTION OF THE DAY ON SOCIAL SECURITY:February 7, 2005
"Why does today's budget submitted by the president leave out the cost of his Social Security plan?" Bush's Budget Leaves Out Social Security. "Bush's budget does not reflect the costs for his No. 1 domestic priority, overhauling Social Security by allowing younger workers to set up private investment accounts." [Associated Press, 2/7/05] The President's Plan Adds Over $4.5 Trillion in Debt. "Over the first ten years that the plan actually was in effect (2009-18), it would add more than $1 trillion to the debt. Over the next ten years (2019- 28), it would add over $3.5 trillion more to the debt. All told, the plan would add more than $4.5 trillion to the debt over its first 20 years." [Center on Budget and Policy Priorities, "New Details Indicate Administration Social Security Plan," 2/2/05] |
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