Bush Pledges to Phase Out Social Security

(June 27, 2006 -- 03:22 PM EDT // link)

President Bush pledges to try to phase out Social Security again after the November election.

From his speech this morning (emphasis added) ...

As you might recall, I addressed that issue last year, focusing on Social Security reform. I'm not through talking about the issue. I spent some time today in the Oval Office with the United States senators, and they're not through talking about the issue either. It's important for this country -- (applause) -- I know it's hard politically to address these issues. Sometimes it just seems easier for people to say, we'll deal with it later on. Now is the time for the Congress and the President to work together to reform Medicare and reform Social Security so we can leave behind a solvent balance sheet for our next generation of Americans. (Applause.)