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March 3, 2005
"Does
that make any sense to you?
It's kind of muddled."
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A deer walking in front of the DanaCam today.
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THE PRESIDENT: 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,
U.S. President,
"explaining" his plan to "save" Social Security,
Tampa, Florida, February 4, 2005
http://www.whitehouse.gov/news/releases/2005/02/20050204-13.html
 
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