Daily Briefing: "You May Not Feel It"

All Your Social Security Are Belong To Me Bush touts effects of privatization on the markets, seeks bipartisanship for Social Security reorganization as AFl-CIO, AARP, NAACP, NOW prepare for fight; administration considers borrowing to covering transition costs. Bush: "You may not feel it, your constituents may not be overwhelming you with letters demanding a fix now, but the crisis is now." [WP, NYT, NYT, WSJ, LAT]


Lott calls for new Secretary of Defense within the year: "I am not a fan of Secretary Rumsfeld. I don't think he listens to his uniformed officers." [WP]

Bush balances hype of tax cuts with dire assessments of Social Security and tort rules. [WP]

New director of national intelligence may present president with daily briefing instead of CIA boss. [WP]

Bernanke, Federal Reserve Board member, sought to head Council of Foreign Advisors. [WP]

Without Senate action, term of DHS inspector general expires. [WP]

Judge dismisses challenge to Ohio results. [BG]

Democratic 527s outspent Republican 527s three to one, though gap narrowed in final months of campaign; grand total of $550m sets record. [NYT]

Inauguration estimated to cost $40m. [NYT]

Leavitt's Medicaid plan for Utah was innovative but inadequate. Leavitt: "During a difficult time, it's better to have everyone have basic health care than a few to have all the health care." [WSJ]

Young Democrats clamor for attention. [USAT]

Waxman on Tauzin's move to lobbying industry: "The appearance is terrible. . . This will only reinforce the public's disillusionment with Congress." [LAT]

[AFP/Luke Frazza]

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