Monday, February 07, 2005
- 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.
Okay, I've read this quote four times and I've finally come to one undeniable conclusion: This man has no fucking clue what the hell he is talking about. And to complicate things even worse, Dick Cheney doesn't seem to have read the memo. I thought the plan was to "save" social security. Apparently I misunderstood.
- "We're going to borrow $758 [b]illion over the next 10 years to set up the personal retirement accounts. We think that's a manageable amount ... Trillions more after that," Cheney said, acknowledging that the personal accounts will help younger workers but will not solve all the problems of solvency."
It's really no wonder that the average person doesn't understand what is going on. First you've got George, the bumbling fool, trying to explain something he doesn't understand. Then you've got Heart-attack Jones saying that we're going to have to borrow trillions of dollars to cover our asses. Not to worry, because the Republicans have been telling us for years that deficits aren't important. However, we're going through all of this Social Security bullshit now because.........wait for it...........because Social Security is going to start running a deficit!
It just makes my head spin.
BTW - It's like Deja vu all over again ..... Have you seen any of Georgieboy's town hall meetings about Social Security? He's been answering some tough questions. For instance:
- Q Thank you, sir. I'm 19.... And I want to invest as much money as I possibly can in the market because I feel -- I feel I can make a lot better return on my rate... What is the -- how much can we put in? What's the most we can put in to these private accounts?
- Q Hi, I'm a high school student. I'm just wondering is there anything I can [do] to prepare for this new Social Security reform when I grow up?
- Q My question is, first of all, how do you prevent agendas from getting into the investment choices that we'll have? And two, what can I do to help you?
Somebody needs to slap the shit out of these people. They don't even realize that they're idiots. AAAARRRRRRRGH!