Social Sec. reform on agenda
February 3, 2005
President George Bush delivered a visionary speech Wednesday evening, but members of both parties say it lacks many of the details Congress will need to turn his vision into reality.
Social Security, terrorism, energy policy, the tax code, health care reform and immigration were some of the topics covered during the State of the Union Address.
Bush urged Congress to join together and strengthen Social Security for the next century, proposing private retirement accounts replace the current system.
“By the year 2042, the entire system would be exhausted and bankrupt,” Bush said.
Members of both parties agreed a revision of the 70-year-old system is needed, but some were concerned with the lack of detail presented during the speech.
“Overall the plan is very good,” said Sycamore Mayor John Swedberg. “But I am concerned about the group of people below the age of 55 and above what the president calls young Americans. I want to be sure that these people are protected, too.”
Although both parties agree Social Security needs an overhaul, they do not agree on when it will become bankrupt.
Clearly, there has been some posturing in the last few weeks by both sides, said State Rep. Robert Pritchard (R-Hinckley).
“But if you do the math, you know the system is not sustainable the way it is for very much longer,” Pritchard said.
Others commented on the disagreement by various members of the audience.
“We hardly ever see that strong of a response from the other side during a State of the Union speech,” said Barbara Burrell, associate political science professor.
There are some concerns about how to achieve all the goals that the president has set forth.
“He gives us a laundry list of things he wants to do, but he does not say how we are going to do it or how we are going to pay for it,” Burrell said.