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August 30, 2005

Bernie Sanders Supports GROW?

Andrew Grossman, blogging for the Heritage Foundation, writes about Congressman Bernie Sanders' (Socialist - VT) remarks about Social Security:
Today's Rutland Herald covers an event Sanders held yesterday to rally local opposition to the President's plan to reform Social Security. Sanders denounced personal accounts and claimed that "the president and his allies are lying on this issue." According to the paper, "Sanders said he supported increasing contributions from wealthy Americans into the fund and placing it in a lock box so that the taxes are not used to support the general fund." In other words, Sanders wants to stop the raid on Social Security. The leading plan to do that right now in the House is called GROW. It would take any surplus revenue coming in to Social Security and deposit it in personal accounts, where Congress cannot spend the money. Sanders says he doesn't like personal accounts at all, but perhaps he could support the government bond-invested ones that are a part of GROW--surely meeting his (strange) objection that the President's plan "benefits only Wall Street."
Read it all.

Posted by Andrew Roth at August 30, 2005 11:17 AM | Print

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