Bush Only Pretended To Stop Pitching His Social Security Flim Flam ShowSomervell County Salon-Glen Rose, Rainbow, Nemo, Glass....Texas


 

Bush Only Pretended To Stop Pitching His Social Security Flim Flam Show
 


3 May 2005 at 12:16:07 AM
salon

How much is this costing? How much time is Bush spending away from the White House doing his job?

Now, Bush says he also supports a change in the way annual benefit increases are calculated, so that future Social Security checks would increase at the rate planned under current law for the lowest-income retirees but not for everyone else.

As a result, future middle- and upper-income retirees would get checks no smaller than current recipients' benefits. That, however, would be less than what the system is now promising for the future because their benefits would rise more slowly.

The president has not said, either at his news conference or in an appearance Friday in suburban Falls Church, Va., how much lower future checks would be, nor what income cutoff he has in mind.

He did say that making that radical change in the government retirement system would erase about 70 percent of Social Security's long-term deficit.

Democrats, who have said they are willing to work with Bush on Social Security's solvency problems as soon as he drops his call for personal accounts, cried foul.

"Benefits would be cut for all workers whose annual earnings are more than $20,000 a year," Democrats on the House Ways and Means Committee estimated.

Bush's Social Security didn't go over well with listeners to his press conference last week. Gallup notes "Support Lags for Social Security Plan"-only just a third of the respondents approve of his plan.

But 46 percent said they would be better off if Congress did not pass a plan this year, while 27 percent said a plan favored by most Republicans would be better and 22 percent favored a plan supported by most Democrats.

Almost two-thirds of respondents, 62 percent, said it would not be possible to ensure Social Security's long-term future without either raising their taxes or cutting their benefits. Thirty-five percent said it would be possible.

Hopeful sign that people are not as selfish as Bush would have them be.


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