ST. LOUIS, MO—At an appearance at the St. Louis Convention Center Sunday evening, President Bush declared the "grave and pressing need" for a preemptive attack on the Social Security program.
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"The Social Security system is a dangerous, financially unsustainable program," Bush said. "If we allow it to continue unchecked, we will need to resort to benefit cuts, tax increases, or massive borrowing in 36 short years. I call upon the combined forces of my administration and Congress to destroy this program and the threat that it presents to our way of life."
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"Up until several days ago, we attempted to negotiate with Social Security, by proposing a plan under which wage-earners would invest their withheld income in the stock market," Bush said. "These personal savings accounts would have pumped a great deal of wealth into our deflated economy, but this is not about temporarily inflating a beleaguered market. It is a battle for freedom, and it is time to take decisive action. America, we must strike Social Security."
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Republican National Committee chairman Ken Mehlman applauded the president's campaign.
"As usual, people are criticizing the president for being too courageous, for leading too fearlessly," Mehlman said. "The bleeding hearts say you could save Social Security with less money than we're currently spending in Iraq. But that's billions and billions of dollars we don't have, people."
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