Thursday, June 9, 2005

We’re Not Buying It

Bush’s plans to reform Social Security are going over like a wet dog at a wedding, according to an ABC/Washington Post poll.

The poll found that 56 percent said the president’s plan to couple new personal retirement accounts with a reduction in guaranteed benefits for most Americans would cut the overall retirement income of seniors. About a third — 32 percent — said Bush’s proposals would result in future retirees receiving more money.

More troubling for a president who took a political risk by advocating reductions in future guaranteed benefits for all but the poorest Americans is that an even larger majority said the Bush plan would not fix the system’s financial problems. More than six in 10 — 63 percent — said the proposals would not improve the long-term financial stability of the Social Security system, while 32 percent said it would.

But that doesn’t stop Bush from dreaming.

“I’m confident we can get something done. I really am,” Bush said. “I don’t care what all the naysayers say, or the people that are so political they can’t . . . get out of their current mind-set here in Washington.”

It must be really nice to bop through life without a clue as to what is really going on.