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Thursday, June 09, 2005
Private Accounts Dead?
The New York Times' David E. Rosenbaum reports that yet another high ranking GOP leader is skeptical that private accounts will ever actually happen.
After the meeting, the second-ranking Republican on the committee, Orrin G. Hatch of Utah, said the Senate was unlikely to approve legislation that included investment accounts financed by Social Security taxes.The key here is the "some Republicans won't go along either." All too often, some in the media portay the GOP as united in the quest for private investment accounts, leaving the Democrats as mere obstructionists. As Hatch correctly notes, though, it will take a lot more than a few Democrats to sign on to a plan before the wheels will actually move, given the widespread disconent among some Republicans as a result of the Bush Social Security plan.
"I don't think we're going to get it," Mr. Hatch said. "We can't get even one Democrat, and some Republicans won't go along either."
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