Sunday, May 07, 2006

Huh? (or was that Como?)

On Cinco de Mayo, our President demanded that, "Those who come here to our country have a responsibility to learn the English language."

In the belief that responsibility begins at home, here is the same President's February 4, 2005 explanation of how he will "save" our Social Security system:

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 inflation, as opposed to wage increases. This 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 -- that that growth is affect, it will help on the red."


(A tip of the MJ hat to Greg Palast).

No comments: