Progressives often talk of retirement security as a three-legged stool – Social Security, personal savings, and private pensions.
Listening to the speech, it occurs to me that President Bush’s plan to privatize Social Security offers an entirely different a three-legged stool – an additional two trillion dollars in debt, big cuts in benefits and risky privitization carve-out accounts.
Important safety tip: don’t try sitting on President Bush’s stool.
Previous in TP Politics
By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.