Sunday, April 10, 2005

The President's Social Security Plan


Doonesbury
quotes Bush's Feb 4 2005 speech in Tampa, FL on his Social Securty Plan, but I thought I'd transcribe it, so it isn't surrounded by silly graphics:

Bush: Because the -- all which is on the table begins to address the big cost drivers. For example, how benefits are calculate, for example, is on the table. Whether or not benefits rise based upon wage increases or price increases..... There's a series of parts of the formula that are being considered. And when you couple that, those diffferent cost drivers, affecting those -- changing those with personal accounts, the idea is to get what as been promised more likely to be -- or closer delivered to what has been promised. Does that make any sense to you? It's kind of muddled. Look, there's a series of things that cause the -- like, for example, benefits are calculated based upon the increase of wages, as opposed to the increase of prices. Some have suggested that we calculate -- the benefits will rise based upon inflation, as opposed to wage increases.


I don't know if you've heard, but Bush has spent $2.2M on his 60 day push for his "Social Security plan". Fact is, he has no plan. Some members of Congress have asked the General Accounting Office to determine if his 60-day push is a propoganda effort, which is illegal.

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