Third Rail No More:

In his first post-reelection press conference, President Bush confidently reached out and grabbed what used to be called the third rail of American politics: Social Security. Conservatives were thrilled to see him indicating he intends to move ahead with what Sen. John Kerry called “privatization” during the campaign.

I earned capital in the campaign, political capital, and now I intend to spend it…for what I told the people I’d spend it on, which is…Social Security, tax reform, moving the economy forward, education, fighting and winning the war on terror,” said Bush. “We must lead on Social Security because the system is not going to be whole for our children and our grandchildren,” he added. “We’ll start on Social Security now.”