Think Progress

Privatization returns in 2007?

By Nico Pitney on Jun 6th, 2006 at 4:48 pm

Privatization returns in 2007?

“Congress should make Social Security overhaul its top priority next year, while a rewrite of the tax code and revamping the nation’s healthcare system probably will wait until at least 2009, House Ways and Means Social Security Subcommittee Chairman Jim McCrery, R-La., said today.” (sub. req’d)

UPDATE: House Minority Leader Nancy Pelosi (D-CA) responds to McCrery, saying conservatives “once again are not listening to the American people, who resoundingly rejected this risky scheme last year.” Meanwhile, Rep. George Miller (D-CA) calls on Congress to “strengthen Social Security, not undermine it, and solve the private pension crisis so that all Americans can have a decent retirement.”



33 Responses to “Privatization returns in 2007?”

  1. yankeluh says:

    Good thing this jackass will not be in charge next year.


  2. winbackcongress says:

    That’s if they are the majority in 07


  3. lib4 says:

    They way he sounds you would think the Repubs have already won the 2006 mid-terms

    Is the Diebold fix in…………………

    I love how healthcare has to wait til 2009…..


  4. Wayne A. Schneider says:

    Are they certain he didn’t say, “Congress should make Social Security elimination its top priority next year…”?


  5. Solitaire says:

    Once again, proof that Congress is totally out of touch.
    ‘Nuff said.


  6. nostrafarious says:

    They are hell bent on destruction of the US


  7. Gerald Gibson says:

    If only the republicans had bet social security on the stock market in the 1980s…

    1985 – Alright here we go this is gonna be good.
    1990 – Wooo hooo! We are kickin ass!
    1995 – Yeeeee Haaaaa! We are all going to MILLIONAIRES!!! Kick Ass!
    2001 – Oh shit we are all screwed!


  8. Keith H. says:

    Well . . . ‘ol Jim-bob McSlurry knows he’ll never be in any way dependant on S.S.
    So, why not says he, let’s get ‘em while we still can.


  9. Zwack says:

    It’s always worth remembering the source…

    The guy in charge of (gutting) Social Security thinks that his job should be top priority next year… I bet the people in charge of Health thing that theirs should.

    Z.


  10. And You Thought REAGAN Was Stupid says:

    Wait… I’ve entered this statement into my Conservative Decoder Ring . . . translation: “Let’s rewrite the social security code to severely limit benefits for most Americans while allowing the uber-wealthy to make more money without paying taxes. And don’t forget to funnel huge fees to the financial services industry at the same time.” Sounds about right for the cold-hearted Republicans.


  11. Retired Republican Soldier says:

    Hey hey! What is all this talk about the Republicans losing an election? Do we not have Diebold, Halliburton, Carlyle group, black helicopters, and control of CIA? How can you Dems even think about winning an election? Tsk, tsk have you learned nothing from that eminent scholar/whiner/conspiracy nut RFK Jr.? Got to go now because we have a big meeting over at Walmart, before we go over to the church, and cast our ballots on the Diebold machines. Don’t worry I will only vote two or three times this election, you see I lost my Al Gore ID on purpose.
    P.S. FYI I love the idea of ELIMINATING SS all together or make it voluntary for those that want to save that way.


  12. DrSinker says:

    On an entirely different note, Sullivan has just posted a “pod-fisk” audio file interlacing the president’s FMA address with his own thoughts. Quite something. Check it out at

    http://time.blogs.com/daily_dish/2006/06/podfisking.html


  13. SKdeA says:

    I guess I’ll try not to get sick before 2009!


  14. Wayne says:

    Social Security would have been fine all along, if they had kept their greedy paws out of it, robbing the money for other things.
    They need to put all the money they robbed from it back and leave it alone, quit spending it for other things.

    Privitazation will just mean proffits for corporations at the expense of we who pay into Social Security


  15. DrSinker says:

    My wife and I met with a financial planner last week. In looking at saving for retirement and making projections, we asked that social security not even be considered. I think this is a reasonable assumption.


  16. Pinky says:

    Gay distraction and now Social Security distraction — what are they up to? Must be trying to hide something really big.


  17. Wayne A. Schneider says:

    They’re really pulling out all the stops lately. The Anti-Gay Marriage Amendment, soon the Anti-Flag Burning Amendment (I wonder what the proper way to dispose of a flag will be if you can no longer burn it in accordance with the Flag Code?), and now they’re talking again about Social Security? I wonder if they got some kind of tip that Karl Rove will be going down this week? Just speculation, I admit, but, as others here have noticed, there must be something else going on for them to let us see them spend this much time on something they know they can’t win. So what’s really going on that they need to distract us this much?


  18. Wayne says:

    #17
    Yeah, anything to distract from the current issues most Americans are actually concerned about. Like the war in Iraq, border security ( which has not been addressed by the repugs since 911 ), Where the hell is Osama?, Crooked Politicians scammning all of us, etc, etc.

    Heaven forbid if they actually solved a real problem, that is too much to ask of the current congress and our numb-nuts president.


  19. Station Agent says:

    The Repubs are really leaning into the base haard. Texas’s GOP wants to get rid of the separation of church and state. There’s no way that America can fall for this bait and switch again is there? Oh man.


  20. Doctor Texas says:

    No, no, no really. Go Ahead and tackle that Social Security issue again….Please, it was sooo successful last time. I ‘m begging you. Thank God the Republicans have decided to go afetr those homos and leave those pesky terrorists and evil doers alone. They know where the real dangers lie and that is why I respect them. While they are at it why don’t they reinstitute a popular program like prohibition or reinstate segregation..It’s just to much fun watching these idiots come up with these powerful messages. Demos take notice, this is not how to govern and America needs to see this bullshit 24-7 until they realize that assholes like Ronald Reagan and the Bushes were/are BAD for America.
    How many Savings and Loan scandals, Enrons, Jack Abramoffs and Michael Milkens are we going to have to live through before people realize that Republicans are uniquely bad at runing this country?


  21. katy says:

    HEY! in honor of 6-6-06, thom hartman (filling in for sam tonight on majority report radio/ air america rado) just talked about this fun filled fact:

    1. google “upside down star” (in quotes) – find out what it is
    then
    2. go to gop.com en espanol page… scroll down a bit… check out the elephant logo

    GASP!!!

    ps – the only significance of going to the en espanol page is that the logo is larger, the “stars” are easier to see


  22. JPark says:

    Congratulations Retired, your side can steal elections. How proud you must be.


  23. jr says:

    More class warfare from the Pinochet worshipping repubs


  24. big papa says:

    Dear Mr. MCcrery,

    We the people believe that enough bullsh*t (to last us a lifetime) has come out of Lousyana (sic) for the time being…

    …time for you right wing al Cracker conservative TRAITORS to be sent back to hell from whence you came…


  25. Rebel With A Cause says:

    There are two “wedge” issues that are going to help the pukes running for re-election in the House.

    One is the gay marriage thing. People throughout the Red States are scared to death of fags, at least those outside their own families.

    Two is the prez and his stand on the illegal immigration thing. Our ignorant prez does not know it, but he is helping get the pukes re-elected in the House.

    Look what happened in SoCal. Bilbray came out strongly AGAINST the president, and beat out the challenger even though he does not live in the district. He moved in with his mother in order to run for the seat. Busby is with the prez, and lost out. Bilbray will be elected in November.

    So will every other house member that is against the prez on this matter. Puke house members will hold their seats in record numbers I am afraid. Dont like it, but that is the way it is.

    In the Red States the gay marriage thing is working for the pukes. In the Blue States the prez being for the immigration bill as passed by the Senate is working for the incumbent house members. So – how are the dems going to take over the house?

    They cant – they wont. The dems will pick up a few seats in the Senate though.

    Sorry folks, but that is the way the ball bounces.


  26. Patrick says:

    I don’t think McCrery said anything about privatization. Are you all against Social Security reform? Seems to me that with a multi-trillion dollar unfunded liability, it might be worth it for BOTH parties to start talking about fixing the system, instead of leaving younger generations to foot the bill. Regardless of the election outcome, its vital that we get some BIPARTISAN support for fixing the system.


  27. Sanctuary Keeper says:

    OK, we can bash privatization of Social Security…but who’s got the guts to put another solution on the table? Like it or not, the future debt from SS and Medicare is over $300,000 per houshold–that’s what the head of the Govt Acctng Office says. Check it out. he’s was appointed by Clinton, not bush. http://www.gao.gov. And he says it’s starting in just a few years. Yikes. People on both sides have got to get their heads out of the sand, or wherever they are!


  28. Andrew says:

    McCrery did not say anything about a plan for Social Security. All he wants is it back on the agenda. The Social Security System is in trouble. With a multi-trillions of dollars owed to retiries, there is no way the current system will be able to handled such a load. I commend Jim McCrery on bringing up the issue. We need people on both sides providing plans for reform if we hope to have a retirement fund in the future. Congress needs to fix social security or we are all in trouble in years to come.


  29. Jeremy says:

    I’m just glad someone wants to do something about the problems with Social Security.

    When are Democrats gonna see the forest instead of the trees. Go ahead rail against any type of social security reform. That makes you part of the problem instead of part of the solution. Does anyone really dispute that the current system can’t pay it’s promised benefits? If not, then why shouldn’t we work on a solution?

    If you’re against PRAs, that’s fine, but at least talk about some solution…


  30. Evan says:

    I think social security IS something that our leaders in congress should be considering- i mean, i pay a hefty portion of each of my menial paychecks (i’m a recent college grad, so yeah- not quite making the big bucks!) towards a system that is messed up – i mean, we all agree- we’re not counting on our social security to get us thru when we retire. which is fine- the program never intended to provide us w/ lavish retirement incomes, but still – to basically have the social security administration PROMISE us negative returns on all the money we’ve paid into a system our entire lives- thats completely unfair and something should be done- we know a problem exists- so why bash a guy who is willing to say something shoudl be done about it?


  31. big papa says:

    Seems to me that with a multi-trillion dollar unfunded liability, it might be worth it for BOTH parties to start talking about fixing the system, instead of leaving younger generations to foot the bill.

    Comment by Patrick #26

    Pattyboy,

    …the solution/reform is called LEAVE SOCIAL SECURITY ALONE!!!

    …ALL monies collected for SS…

    …STAY in SS…

    …don’t spend it for tax cuts…

    …for war…

    …or any friggin’ thing except for what it’s supposed to be collected FOR!

    …Now, I forgive you ’cause I know where you’re from it’s probably pretty hot down there…

    …and one is given to take a swig of Koolaid every now and again…

    …but you drank too much son…


  32. Olivia says:

    Most of us are with you Big Papa. The Wall Street Journal reports today, June 8, 2006, on their recent poll of 44 economists asking them what issues should be Treasury secretary Henry Paulson’s top priorities? 40 percent say that the new Treasury secretary’s top priority should be to reduce the growth of entitlement spending, including Social Security; by far their top choice. And most Americans think Social Security has to be fixed, too. The Pew Research Center asked 751 adults this past February “Do you think Social Security in this country works pretty well and requires only minor changes, do you think it needs major changes, or do you think it needs to be completely rebuilt?” 35% said make “minor changes”; 36% said make “major changes”; 26% said it needs “completely rebuilt”; and 3% said “don’t know.” So what’s the fix? It’s got to include putting our money where we can see it and Congress can’t touch it. And Democrats would be wise to jump in the debate with that sort of solution instead of the disappointing “just say no.” I’m sure most would prefer that Congress stop dipping into the Social Security trust fund to pay for a war they don’t believe in


  33. Flag Retirement says:

    Flag Retirement

    I enjoyed reading your blog. What a great thing it is to be able to share information like this on the Internet.



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