[Mb-hair] the Prez explains...maybe something for the civics list...

[fotoblue at flash.net]

Hi Michael,
 thought this was interesting, but don't know how to send it to the civics
list

Hugs
 Dagmar
pretty dismal, isn't it?


The President Clears It All Up.
Where the President explains the virtues of his Social Security plan,
Tampa, FL, Feb. 4, 2005. 

This is the record verbatim:
Woman in audience: "I don't really understand. How is it the new
[Social Security] plan is going to fix that problem?"

President Bush:
"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 that 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."
 


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