Prez Clears up Social Security Confusion . . .

[Sugarcoated]

take it from the president's own mouth:

"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. "

Heh, heh. Now, that should clear things up, eh?

[globalvillage]

1. Is that a real quote?

Sounds like he threw a bunch of words in a bucket and read them as he pulled them out.

[xultar]

4. You should hear him say it. They played it on AARsUnfiltered this morning

Yes, it is a real quote. Unbelievable isn't it. I looked for the link to the clip. I guess they didn't post it.

Welcome to DU!! :hi:

[LosinIt]

2. I'll bet Harvard is soooo glad his Dad went to Yale

They would have had to take him as a legacy. Makes Yale look pretty bad, he actually graduated??

[BrotherBuzz]

8. Well, there's plenty of blame to spread around....

His MBA was bought from Harvard....

[WyLoochka]

3. I would like to send this to some people

Can you provide a link, so I can check it out first? Thanks

[EVDebs]

5. The mental viscosity of this specimen is truly beyond comprehensibility

I think what shrub was trying to propagandize is what caused the British social security fiasco, pegging to inflation I think.

In any event, the privatization plan is unnecessary (IRAs, annuities, personal savings, etc.) since other methods of self-financing are available that would not include the government nor a CARVE-OUT of $2 trillion from the current system. The carve-out is simply a Rove/Norquist attempt to kill the current system, which is not broken btw, in order to push a trojan horse in.

[ClintonTyree]

6. It's "hard work" to talk when someone else is chattering............

away in your earpiece telling you what to say. Try it some time! It's "hard work"!

He doesn't have the foggiest idea what his own Social Security Piratization plan is about. They just push him out there, talk to him through the earpiece and hope he doesn't make a total ass out of himself. So far they're batting .000

[peacetalksforall]

7. His lesson and coaching session from Card and Rove was

cut short because B was too anxious to get back to his video games.

Hard work. Reward.
Harder work. Bigger reward.

Thought he got it. Didn't need the feed. Mistake.

Result: a whopper example of marionettisms.