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.
Friday, January 20, 2006
Snopes.com is good for all kinds of things. Checking out internet hoaxes, usually. A laugh, occasionally. And today, it was good for re-inforcing the idiocy of the man who is our prez. These are actual words he spoke last year, taken from a White House transcript. It's supposed to be about Social Security/Medicare coverage.