Mostly rational politics, with occasional rants about how a few crazy Republicans are ruining the country.
Support The Jaker
Friday, April 29, 2005
Bush on Social Security
I didn't watch Bush's press conference last night, touted as a rollout of his "plan" on social security, but apparently he didn't say much. The only thing he came out with is that he'd like to cut the benefits of higher income people more than lower income.
The President has cited Robert Pozen's plan - which has adjusts wealthier people to benefits indexed to price increases instead of wage increases; keeps poorer people indexed to wage increases; and has a sliding scale for everyone in between. The problem with that plan is it really ends up cutting the benefits of the middle class very dramatically in the out years.
I still think personal accounts are going nowhere. Let's fix Medicare/Medicaid first.