Washington -- Despite President Bush's claim that his plan to overhaul the Social Security system would hone the long-term stability of the program, a majority of Americans participating in a recent poll believe that his plan would pare down the retirement income of seniors.
Some 56 percent of those participating in a recent Washington Post-ABC News survey said the president's plan to implement personal accounts coupled with a reduction in guaranteed benefits for most citizens would slash seniors' retirement monies.
By contrast, about one-third of those surveyed responded that Bush's proposals would result in future retirees receiving more money.
In another blow to the president, some 63 percent indicated that the Bush plan would not improve the system's long-term stability.Overall, 62 percent of those surveyed disapproved of the way the President was going about reforming the 70-year-old program, while less than half advocated the use of voluntary private accounts -- the cornerstone of the president's reform plan.
