January 16, 2005
OUR GRANDPARENTS BROKE IT, OUR GRANDKIDS WILL OWN IT:
Bush to Return to 'Ownership Society' Theme in Push for Social Security Changes: The president's vision of an "ownership society" will be the unifying theme as he tries to galvanize support for fundamental changes in Social Security, tax policy and other areas. (DAVID E. ROSENBAUM, 1/16/05, NY Times)
The unifying theme on domestic policy in President Bush's Inaugural Address on Thursday will be the president's vision of an "ownership society" as he tries to galvanize support for fundamental changes he wants in Social Security, tax policy and other areas, administration officials say.
"When people have a stake in something," Treasury Secretary John W. Snow said in an interview on Friday, explaining the president's rationale, "it makes the whole social system work better."
"The president," Mr. Snow added, "wants to pursue policies that encourage ownership."
The boldest example of this approach is the intensifying campaign by the Bush administration to radically alter Social Security, the most popular and expensive government program ever, so that workers can put a portion of their payroll taxes into their own investment accounts.
But the ownership society encompasses other initiatives as well, including those that make temporary tax cuts permanent, minimize taxes on income from investments, revamp workers' health insurance and encourage low-income people to own their homes.
The intent is to change Americans' relationship with the government to allow (or, critics say, to force) people to look less to Washington and to take more responsibility for their finances and their retirement.
Seems a justified use of force.
Posted by Orrin Judd at January 16, 2005 10:12 AM