THE PRESIDENT: 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 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. Okay, better? I'll keep working on it. (Laughter.)Yeah, real fuckin' funny. I think it's hi-la-rious when our own President can't articulate his ridiculous plans.
Monday, February 7
No President Left Behind
The POTUS went to Florida last week to discuss his plans for Social Security reform. Thanks to Atrios and The Daily Kos for the heads up:
Posted by denise at 2/07/2005 02:37:00 PM