USA Today editorial suggested Bush's Social Security plan would have defused "underfunding time bomb"

Published: August 14, 2007, 7:46 pm

Tags: usa today, economic issues, social security

In an August 14 editorial, USA Today falsely suggested that President Bush's proposal to "partially privatize Social Security" would have addressed the program's "underfunding time bomb, set to detonate in about a decade." The editorial was commenting on the "divisive legacy" of White House deputy chief of staff Karl Rove, who had announced the day before that he will leave the White House on August 31. According to the editorial, "Democrats demonized" Bush's proposal, "and congressional Republicans, smelling a loser, never even offered a major bill. So the Social Security underfunding time bomb, set to detonate in about a decade, continues to tick." But as Media Matters for America has repeatedly noted (here, here, here, and here), even the administration has acknowledged that its plan for private Social Security accounts -- on its own -- will do nothing to address "the Social Security underfunding time bomb." From a February 2, 2005, White House

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