The Associated Press reports that President Bush has now grudgingly, but officially, agreed that he will no longer pursue private accounts at Social Security -- or at least he will not pursue private accounts to begin until at least 2011 or 2012. The stated grounds for this decision is the need to produce a plan to balance the budget by 2012.
Grover Norquist has been strongly pressuring President Bush to not include any tax increase in any plan he may have for Social Security. There was probably no hope for a Social Security plan anyway, but eliminating the possibility of a tax increase makes it utterly impossible. Norquist may not be a household name, but he is one of the most important figures in right wing political circles and someone whom a weakened President Bush cannot afford to cross.
Grover Norquist has been strongly pressuring President Bush to not include any tax increase in any plan he may have for Social Security. There was probably no hope for a Social Security plan anyway, but eliminating the possibility of a tax increase makes it utterly impossible. Norquist may not be a household name, but he is one of the most important figures in right wing political circles and someone whom a weakened President Bush cannot afford to cross.
No comments:
Post a Comment