Gary
Date: Wed, 16 Feb 2005 11:09:09 -0800 (PST)
From: "B." <docile_body at yahoo.com>
Subject: [lbo-talk] Social Security reform defined
Message-ID: <20050216190909.88124.qmail at web80601.mail.yahoo.com>
Content-Type: text/plain; charset=us-ascii
[A clip of this was even shown on Leno. - B.]
WOMAN IN AUDIENCE: I don't really understand. How is
it the new [Social Security] plan is going to fix that
problem?
DUBYA: Because the -- all which is on the table begins
to address the big cost drivers. For example, how
benefits are calculated, 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.
-- Dubya explains the virtues of his Social Security
plan, Tampa, Florida, Feb. 4, 2005
http://www.dubyaspeak.com/freshdubya.shtml
and at
=====
"I'm not too worried by hegemony / I know the cadre will look after me" - Magazine, "Model Worker," 1978
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End of lbo-talk Digest, Vol 14, Issue 141
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