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Snow: Privatization `Essential' for Social Security

America Is Going Broke
You seem to forget that the UN represents all of the countries of the World including you - when you...

Deaf Power

Here's the Bush plan in his own words:

"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." -- George W. Bush, explaining his plan to save Social Security, Tampa, Fla., Feb. 4, 2005


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