Only One Side Told in Bush Soc. Sec. Pitch

[barbaraann]

Wed Feb 2,11:28 PM ET
White House - AP
By CALVIN WOODWARD, Associated Press Writer

WASHINGTON - The devil was in the missing details Wednesday night when President Bush (news - web sites) showcased his Social Security (news - web sites) plan and claimed advances on jobs and against terrorism that don't tell the full story.

Bush explained in detail how, under his proposal, younger workers would be able to divert some of their Social Security payroll taxes into private accounts "so you can build a nest egg for your own future."

Nowhere in his State of the Union speech did he give the other side of the equation — that Social Security benefits for those workers would be reduced as a result. He stated "your account will provide money for retirement over and above the check you will receive from Social Security," without explaining that check would be smaller.
...
http://story.news.yahoo.com/news?tmpl=story&cid=544&e=14&u=/ap/state_of_union_fact_check

Come one mainstream press, tell the American People that George W. Bush lies about everything!

On edit--please rec this story because the dittoheads are trying to bury it. Thanks!

[cthrumatrix]

1. he lied about $$$ going to heirs when you die..... that's not what

the papers are saying this morning.

On retiring..you investment goes into a life annuity... and upon death...govt gets the remainder

[barbaraann]

2. There were so many lies I guess they couldn't fit them all in.

n/t

[KansDem]

3. He lied in his previous SOTU speeches (remember 2003?)

Why would he tell the truth in this one? :shrug:

[Journeyman]

11. My sister asked me why I wasn't watching the SOTU. . .

I told her I've had my fill of lies from the man. Far easier to get an analysis later where the bullshit is made evident and I don't have to look at his face or hear his voice.

[librechik]

4. rate it high, folks--the pukkkes at yahoo are burying it! n/t

[Tyrone Slothrop]

6. Just bumped it

But I just don't understand why the Republicans/Freepers would want this info buried.

While I can understand their jingoism and desire to suppress info that damages the war effort and other such ideas, I don't understand why Freepers want to screw over their own retirement benefits for the glorification of Bush.

It doesn't make sense from any perspective. Shouldn't simple economics trump ideology?

[leftchick]

5. This article lays it out!! LIE after LIE!!!!

Moreover, he seemed to issue a guaranteed return on investment for people putting some of their retirement money in the market, saying: "Your money will grow, over time, at a greater rate than anything the current system can deliver."


Although his plan promises checks and balances to ensure such money isn't frittered away on risky investments, it does not come with a guarantee of performance exceeding benefits of the current system.


Declaring Social Security will go broke if nothing is done, Bush said that by 2042, "the entire system would be exhausted and bankrupt."


In fact, the nonpartisan Congressional Budget Office (news - web sites) forecasts Social Security as it is would be able to pay 73 percent of benefits in 2042 and stay solvent for 10 years beyond that.

... much more! Rate it a 5!

[Megahurtz]

7. What a scam artist

LIE after LIE to the American public and the Freepers believe George W. Bush. This Social Security rip off so horrible that some people refuse to believe that it's true.

Unfortunately, when circumstances are so horrid it's human nature for some people to refuse to believe the truth. They would rather believe that everything is wonderful.

What a slick con.

DUPE 'EM AND DUMP 'EM!

:dunce:

[Fiendish Thingy]

8. kick- rated it a 5 - you all should too! n/t

[Megahurtz]

9. Kick for a 5!

[happynewyear]

10. lies lies lies lies and more lies

vote and a :kick:

[leftchick]

12. RATE This Please!

It is the only article pointing out ALL of ** LIES!!