Home News Weather Finance Travel Maps Movies Lottery Horoscopes Games
 SECTION: TOP U.S. NEWS
Search The Web:
DOMAIN NAMES
AS LOW AS $2.99 / YR.
Schumer Says GOP Would Privatize SoSec
Friday, 28-Jan-2011 1:54PM United Press International
USTINET NEWS

  Front Page

  Top Stories

  U.S. News

    Government

    Focus U.S.A.

    The White House

    U.S. Politics

    Social Issues

    Local Editions

  World

  Politics

  Business

  Sports

  Health

  Tech/Science

  Living/Entertainment

  Off Beat Stories

  News Photos

  Weather


Special Editions

  Iraq & Conflict

  Israel/Palestine

  Crimes & Laws


MultiMedia

  Interactive Features

  News Photos


POLL: Your Opinion

  What Do You Think




WASHINGTON, Jan. 28 (UPI) -- U.S. Sen. Charles Schumer, D-N.Y., says Republicans' plans to tamper with Social Security could end the program.

SAVE MONEY ON TRAVEL DEALS

Schumer said Republicans favor allowing younger workers to take a third of their Social Security investment out of the federal system and put it into private accounts instead, and would like to turn Medicare into a voucher system.

"They 1/8Republicans3/8 want to privatize Social Security", Schumer told The Hill. "Privatize equals end -- no more."

House Republicans plan to detail their Medicare plan in the next few weeks, The Hill said.

In his State of the Union speech Tuesday, President Obama called for a bipartisan solution to strengthen Social Security for future generations.

"President Obama and Republicans agree on the need to reform Social Security to protect benefits for future generations", said Mike Steel, a spokesman for House Speaker John Boehner, R-Ohio. "It seems like some of the president's Democratic allies on Capitol Hill haven't gotten the memo from the White House."

Thursday, Obama said the solution shouldn't be cutting benefits for future generations or subjecting them "to the whims of the stock market."

- - - - - - - - - - - - - - - - - - - -
Related News Topics:

Privatizations and nationalizations
U.S. social policy
Party politics and electioneering
Top U.S. news
Miscellaneous News of New York State
News of world economies
U.S. government news
Miscellaneous U.S. government news
Party politics and electioneering

 BREAKING STORIES

Egypt cuts access to Internet

British unions discuss strategy

Schumer says GOP would privatize SoSec

Obama's Irish heritage celebrated

Kim named son reluctantly, brother says

Pence: No presidential bid in 2012

Violent protests continue to grip Egypt

ANC appeals for calm over Mandela's health

Yemenis protest against government

Top Obama YouTube questions: Legalize pot

Police say 15-year-old Elizabeth Ennen strangled

Tunisia seeks arrest of ex-president

U.S. offers support in Tunisia elections

Libertarians call Obama, GOP hypocrites

Unions: Trade deals can threaten jobs

Early polls give Obama speech thumbs up

Obama: Government spending unsustainable

Parties mix on State of the Union night

Less than half do well in science subjects

Embassies bomber given life in prison

Home News Weather Finance Travel Maps Movies Lottery Horoscopes Games
Home :: My Page :: My WebMail :: My Calendar :: My Portfolio :: Chat :: Help Center :: Sign In :: Sign Out

MY.USTI.NET PORTAL  -  1996 - 2004 USTINET CORPORATION. ALL RIGHTS RESERVED.
Please see our Privacy Policy, Security Guarantee, Terms of Use for additional information.