# 16 W Robs Peter to Pay Paul (Borrows to Fund Socialist Security)

He's going to spend an additional $2 trillion that he doesn't have a plan to account for, so the plan is the usual - rape the taxpayers.

http://reuters.myway.com/article/20041206/2004-12-06T190038Z_01_N06138595_RTRIDST_0_NEWS-BUSH-SOCIALSECURITY-DC.html

W. House Sees Borrowing to Fund Social Security Plan

Dec 6, 2:00 PM (ET)

WASHINGTON (Reuters) - The White House said on Monday for the first time that President Bush's plan to add personal retirement accounts to Social Security would be financed in part by new government borrowing.

Bush has made reform of the U.S. retirement program a top priority in his second term and the White House said the president would discuss options in a meeting later in the day with top congressional leaders.

"The president, at this point, has not endorsed a specific plan," White House spokesman Scott McClellan said.

But McClellan said: "There will be some upfront transition financing that will be needed to move toward a better system that will allow younger workers to invest a small portion of their own money into personal savings accounts."

Asked if the transition, estimated at between $1 trillion to $2 trillion, would be financed by additional government borrowing, McClellan said: "That's what you're looking at doing as part of the transition to a better Social Security system."