Monday :: Feb 7, 2005

Bush Masters The Details On Social Security Benefit Indexing - Well, No

by Steve

Yikes, courtesy of Kos, take a look at Bush trying to explain last Friday to a friendly audience just one issue surrounding changes to Social Security, and then cringe knowing that 51% of those who voted think he is the man to handle such issues:

Q -- (I need to) really understand how is it the new plan is going to fix that problem?
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.)

It will help on the red?

Keep in mind this wasn't a debate with someone who had a clue, this was a response in front of a crowd of overexcited true believers who were screened to be there. (I'd love to see this clip on the Daily Show tonight.)

And all those red state fools in the room thought it was funny that W couldn’t even repeat back to the audience what his staff had probably told him on the indexing of benefits just hours before.

Steve :: 3:01 PM :: Comments (9) :: Digg It!