ScreamingEagle
Gold Member
- Jul 5, 2004
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Bush talked about several things including social security, energy, and court appointments, but somehow his news conference managed to avoid the border problem once again. :huh:
On social security Michelle Malkin gave a good summary, here's some exerpts on what she wrote:
On social security Michelle Malkin gave a good summary, here's some exerpts on what she wrote:
"I propose a Social Security system in the future where benefits for low-income workers will grow faster than benefits for people who are better off," President Bush said at his news conference last night. "This reform would solve most of the funding challenges facing Social Security."
Democrats claim that Bush's plan constitutes a "cut" in future benefits for upper-income workers. That claim is being uncritically echoed by most MSM outlets.
If you read the New York Times, Washington Post, Associated Press, and liberal bloggers like Marshall you could be forgiven for thinking that, under Bush's plan, wealthy retirees will get less money in the future than they do now. That is not the case.
Yes, Bush's indexing plan is "cutting benefits" in the sense that upper-income beneficiaries would get less money than under the status quo. But no retiree is going to see his or her standard of living decline relative to where it stands now.
Those who oppose Bush's indexing plan are arguing, in essence, that Social Security benefits to upper-income beneficiaries should continue to grow faster than the rate of inflation. That's reckless given the program's long-term fiscal problems.
Bush's indexing plan is moderate and reasonable. Unfortunately, the combination of Democrats' demagoguery and the MSM's relentlessly negative coverage may bring the plan down before it even gets off the ground.
http://www.michellemalkin.com/