Outgoing chairman of Democratic National Committee Terry McAuliffe criticizes President Bush’s social security plan
Terry McAuliffe claims that the President’s social security plan needs 2 trillion dollars from foreign countries as transition costs and benefits would be cut up to 40% to American retirees. Though President Bush made it sound like the social security reforms wouldn’t need any cutting of benefit or borrowing any money at State of the Union. (:30)
February 3, 2005
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- Senator Chuck Hagel (R-NE) talks about the future of Social Security
- Representative Sander Levin (D-Mich) speaks about Bush`s plan to dismantle Social Security.
- State of the Union Address: Rep.Tim Ryan (D-OH) criticizes President Bush’s social security plan.
- Senator Frank Lautenberg (D-NJ) talks about the negative effects of the President’s Social Security privatization plan.
- Senator Arlen Specter (R-PA) comments on the issue of Social Security.
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