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SS reform -- Alive and Kicking!!!
October 26th 01:26:50 PM
Some in the media falsely claim reform is dead. Once again, President Bush set the record straight.
Courtesy of the official White House site.
We also need to confront the long-term problems confronting our entitlements. If this country wants to stay competitive throughout the 21st century, we have got to do something about Social Security and Medicare. As you know, I brought up the -- (applause.) They told me not to talk about it when I first got up here. (Laughter.) But I've been talking about it ever since I've been running for President and since I've been the President because I believe the job of a President is to confront problems and not pass them on to future Presidents and future Congresses. (Applause.)
And we've got a problem. It starts with the fact that baby boomers like me are getting ready to retire. It just so happens I turn 62 in the year 2008, which is quite convenient. (Laughter and applause.) And there's a lot of me. I'm getting -- (laughter) -- a lot of people like me. (Laughter.) I mean, there are millions and millions of baby boomers relative to the folks that are going to be paying for my retirement and your retirement. The system is going broke. You know, I give a lot of speeches and look out in the audience and see people working hard to pay their payroll taxes, and they're paying payroll taxes into a system that's just not going to be around unless we do something about it.
And so I've made some proposals to the Congress, proposals that work with how fast benefits will go up, proposals that said if you're in the -- a poor American, nothing is going to change for you; if you're a wealthy American, your benefits will grow, but at a slower rate.
We also have a fantastic opportunity as we strengthen and modernize Social Security to allow younger workers, if they so choose, to put a part -- some of their own money in a personal savings account so they can take advantage of the compound rate of interest; a personal savings account they get to call their own, asset-base the government can't take away, an asset base that somebody can pass on to whomever he or she chooses.
Part of our mission has got to be to encourage ownership in America. And one way to spread ownership throughout our society, into neighborhoods where some may not own anything, is to allow them to save some of their own -- their choice -- in a personal savings account as part of Social Security reform. (Applause.) I'm going to continue to talk to the American people on this issue, and insist that Congress do the right thing and work together to save Social Security.
Posted by Adam Cahn
Comments
"Once again, President Bush set the record straight."
I thought this was supposed to be a bi-partisan site. You guys certainly seem to in love with Republicraps.
Posted by Noid on October 28th 05:28:32 PM
Not really,
When it comes to policy, this is a non-partisan site. We're willing to listen to all ideas.
When it comes to politcs, we're up for grabs. That means it requires political courage to impress us.
While his ideas on the subject aren't perfect, President Bush's ideas offer a massive step in the right direction. Thus, we support him until another politician comes up with something better.
Posted by Adam Cahn on October 30th 02:23:37 AM
Okay. Just so long as we have you on record as being Dubya's beeyatch.
Posted by Noid on October 31st 07:28:38 PM
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