Friday, April 22, 2005

Senator to Try New Strategy on Accounts for Retirees

WASHINGTON, April 21 - The Senate Finance Committee chairman, Charles E. Grassley, said Thursday that he would try to produce a Social Security bill with the support of Republicans alone, in an effort to jump-start a legislative effort now stymied by solid Democratic opposition.

Mr. Grassley, whose committee will play the lead role on Social Security, acknowledged that it was a risky strategy and that he would need to attract some Democratic support once the bill reached the full Senate, if not sooner.

But he said, with some frustration, that he had been unable to get the Democrats on his committee to enter into negotiations unless he renounced President Bush's proposal to create private investment accounts in Social Security.
Mr. Grassley said he would not do that. As a result, he said, "I'm going to put together a Republican-only bill as a first step to getting bipartisan support because I can't lose time waiting for the Democrats to come to the table."
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Grassley said the Democrat's on his committee won't go along with him, what the above story fails to mention is that the Republican's on the Committee aren't going along with him either.
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