[lbo-talk] RE: Social Security reform defined

Gary Mongiovi MONGIOVG at stjohns.edu
Thu Feb 17 06:04:55 PST 2005


What I'm curious about is how that woman was allowed into the audience, and then allowed to ask a smartass question like that! Some gatekeeper's head is probably rolling right this moment.

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

To: lbo-talk at lbo-talk.org

Message-ID: <20050216190909.88124.qmail at web80601.mail.yahoo.com>

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[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

http://www.rollingstone.com/politics?pageid=rs.Videos&pageregion=nav&rnd=1108537880890&has-player=true&version=6.0.12.872

=====

"I'm not too worried by hegemony / I know the cadre will look after me" - Magazine, "Model Worker," 1978

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