The center of GWB's plan was diversion of a portion of social security taxes into personal investment accounts with a reduction in benefits sufficient to offset unfunded obligations, obligations that were funded by SS taxes but spent by the government to cover deficits, and the losses associated with the diversion of revenues to private accounts. He never specified how those cuts would be made, leaving those details to Congress once the personal accounts were authorized.
Clinton never proposed anything even vaguely similar. Clinton's main proposal was to divert a portion of the surplus to reduce the SS deficit but that was given out by Bush in tax cuts instead. Of course, those tax cuts were funded largely through the diversion of even more funds from Social Security to benefit people earning incomes well above the levels taxed for Social Security.











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