The Mudcat Café TM
Thread #78229   Message #1425798
Posted By: GUEST,TIA
03-Mar-05 - 07:32 AM
Thread Name: BS: *Strengthening* Social Security...
Subject: RE: BS: *Strengthening* Social Security...
Okay, so here's what Bush himself said about social security. This is a quote from the Bush SS roadshow in Tampa Florida on February 4, 2005. An elderly woman asked him how privatization was going to strengthen soical security, he gave this answer (extracted from the official White House transcript...don't believe me? Go look it up).:

BEGIN QUOTE

"Because the all which is on the table begins to address the big cost drivers. For example, how the 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 different cost drivers, affecting those changing those with personal accounts, the idea is to get what has 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. There is a reform that would help solve the red if that were put into effect. In other words, how fast benefits grow, how fast the promised benefits grow, if those if that growth is affected, it will help on the red."

END QUOTE

Got that? We're in good hands then?