Bill Bennett Given Control Of Social Security Funds (G)
A Safe Bet, Bush Reassures Nation
In a bold move to privatize Social Security, President George W. Bush today put all of the program's funds under the control of former Education Secretary William Bennett, urging Mr. Bennett to "work your magic" on the nation's nest egg.
Recognizing that many retirees are nervous about the privatization of America's retirement system, Mr. Bush reassured them today, stating flatly, "Bill Bennett is a safe bet."
"I have known Bill Bennett for many years," Mr. Bush told reporters. "This is a man who knows when to hold 'em and knows when to fold 'em."
A beaming Mr. Bennett stood at Mr. Bush's side, the former Education Secretary wearing what he later called "my lucky hat."
He spoke briefly with reporters before boarding a plane for the Venetian casino in Las Vegas, where he said he would begin to implement his "can't lose" investment plan for Social Security.
But on Capitol Hill, leading Democrats howled in protest over Mr. Bennett's appointment, arguing that the nation should not place an important program like Social Security in the hands of just one man, especially a controversial figure like Mr. Bennett.
"Why don't we just bet all our retirees' money on the daily double while we're at it," fumed South Dakota Senator Tim Johnson.
For his part, Mr. Bennett remained tight-lipped about his plans for the nation's retirement funds, telling reporters, "What happens in Social Security, stays in Social Security."
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Mundane Journeys through an Amazing World
begins with Interstate 80. Not the most engaging topic, I know, but when you think about it, I-80 runs all the way across the North American continent linking San Francisco and New York. It's not just a ribbon of asphalt, it's a portal to far away, almost magical places.
My visits to major cities like Tokyo, London and Washington DC have been business affairs. I haven't rode a lot of roller coasters or ridden in open air buses, but I have visited with senators, bought yams from the back of a truck and barely escaped complete embarrassment when I was introduced to Matt Wiener in Vegas.
As I wrote the book I realized that over the years exotic, distant places have become more like the mundane places I've called home. But, as it turns out, there really aren't any mundane places, only mundane ways of looking at things.
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