Tuesday, February 15, 2005

What'd He Say?

People who voted for George W. Bush for President often commented about how plainspoken he is. Then maybe someone can explain this description of his Social Security reform plan:

"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.

"Okay, better? I'll keep working."

--President Bush, Tampa, Florida, February 4, 2005. (About.com)

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