Many in GOP Wary of Social Security Plan
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If there will ever be a year when the political stars are aligned for President Bush to revamp Social Security, it may be 2005. But he still must persuade wary Republicans in Congress to follow his lead.
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Some of the measures in the plan could be unpopular with voters even as they inspire politiciansâ acclaim.
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Although he considers it "morally wrong" to put off dealing with Social Security, Senate Majority Leader Bill Frist said Sunday he agrees with fellow Republicans that changes in the venerable domestic program can't be forced upon an unwilling American public.
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Social Security battle comes as both state and private retirement plans are shifting.
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President Bush launched his plan to  revamp Social Security with a push to convince the public and  Congress that it faces a crisis, even though supporters of the  government-run retirement program say he is exaggerating its  financial problems.
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The debate in Washington, DC, has started over the reformation of Social Security. The 1935 plan of President Franklin D. Roosevelt is a safety net Americans have come to depend on.
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NEW YORK, Dec. 9 -- Opponents of creating private accounts under Social Security often argue that the primary beneficiaries would be Wall Street investment firms. Wall Street's main trade group on Thursday said it isn't so.
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Businesses that sponsor pension plans are applauding the Bush administration's call for a broad overhaul of the nation's troubled retirement benefits system. But on specifics, companies are wary.
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WASHINGTON -- President Bush, who has promised that his plan to allow private investment accounts in Social Security would give workers a &quot;better rate of return,&quot; is seriously mulling a companion effort that could cut future promised retirement benefits for millions of workers by 6 percent, even when potential gains from private accounts are included, analysts said.
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Some Republicans who have gone public with their complaints about the war strategy also weighed in against the Democratic withdrawal plan as ill-advised.
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The president pushes hard, as the public remains wary of private Social Security accounts.
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After years of political dominance, Republican voters are concerned about their party and their candidates, according to a new Times/CBS News Poll.
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A poll suggests that a large majority of Americans support restrictions on the use of Social Security numbers if it would help prevent identity theft.
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As the two parties brace for the coming debate over restructuring Social Security, polls and focus groups for both sides have shown that voters -- especially older ones, who vote in disproportionately heavy numbers -- distrust any change that has the word "private" attached to it.
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A Republican congressional proponent  of Social Security reform warned President Bush on Sunday not  to rely on a sharp increase in government borrowing to overhaul  the federal retirement program.
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President Bush sought support from congressional leaders of both parties Monday for his proposal to overhaul Social Security, which promises to be a hotly contested political issue during his second term.
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Republican presidential hopefuls show little party unity over the immigration bill in the Senate.