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Bush Official in Springfield to Discuss Social Security


A high-ranking Bush Administration official was in Springfield today to talk about the need to ensure the viability of the social security system. KSMU's Missy Shelton reports.

THE PRESIDENT'S ECONOMIC AFFAIRS ADVISOR ALAN HUBBARD WAS IN SPRINGFIELD TO TALK ABOUT PROPOSED CHANGES TO SOCIAL SECURITY.

SPEAKING AT A PRESS CONFERENCE AT THE SPRINGFIELD AREA CHAMBER OF COMMERCE, HUBBARD OUTLINED THE NEED TO LET YOUNGER WORKERS VOLUNTARILY PUT PART OF THEIR PAYROLL TAXES IN PERSONAL RETIREMENT ACCOUNTS.

SOME ADVOCACY GROUPS LIKE THE AMERICAN ASSOCIATION OF RETIRED PERSONS OR A-A-R-P HAVE RAISED CONCERNS ABOUT THIS PROPOSAL.

BENNIE DAUGHERTY IS THE MISSOURI PRESIDENT OF A-A-R-P.

DAUGHERTY SAYS HE AGREES WITH THE BUSH ADMINISTRATION THAT SOMETHING NEEDS TO BE DONE TO ENSURE THE LONG-TERM SOLVENCY OF SOCIAL SECURITY.

HE SAYS A-A-R-P HAS ITS OWN SUGGESTIONS ON HOW TO DO THAT.

THE ADMINISRTATION SAYS ITS PLAN PUTS THE POWER TO INVEST IN THE HANDS OF CITIZENS, RATHER THAN IN THE HANDS OF GOVERNMENT.

THE ECONOMIC AFFAIRS ADVISOR TO PRESIDENT BUSH, ALAN HUBBARD SAYS HE BELIEVES THAT IDEA AND INDEED, THE PRESIDENT'S ENTIRE PROPOSAL APPEAL TO CITIZENS.

CHANGES TO SOCIAL SECURITY ARE FAR FROM A DONE DEAL.

THE MAJORITY WHIP AND SOUTHWEST MISSOURI CONGRESSMAN ROY BLUNT IS THE CHIEF VOTE COUNTER IN THE HOUSE.

HE ACKNOWLEDGES THAT WITH GROUPS LIKE THE A-A-R-P RAISING CONCERNS, IT WILL BE HARD TO GET THE PRESIDENT'S SOCIAL SECURITY PACKAGE THROUGH CONGRESS.

BUT HE SAYS IT'S TIME TO ADDRESS THE PROBLEM.