Tuesday, March 08, 2005

The village idiot strikes again

From last month's abolish-social-security tour--not new news, but just coming across my screen now--comes Bush's illuminating answer to an audience member's question "I don't really understand. How is it the new [Social Security] plan is going to fix that problem?"

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.
Is that clear to everyone? It's embarrassing, really. Dismaying and embarrassing. If this guy were a clerk waiting on me at Best Buy I'd ask if I could talk to a manager, you know? If he worked at HR Block, I'd determine to do my own taxes. If he were trying to tie his shoes, I'd suggest he spit out his gum first. It almost makes me feel sorry for his handlers. What a hell of a job.

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