Tuesday, January 04, 2005

"Overhaul" of Social Security Means Benefits Cut

The Bush administration has signaled that it will propose changing the formula that sets initial Social Security benefit levels, cutting promised benefits by nearly a third in the coming decades, according to several Republicans close to the White House...

It's not a drastic cut, but why mess with it at all?

The Bush solution to the Social Security "emergency" will benefit Wall Street immensely. And this wet kiss will be paid back in spades when Jebby runs in 2008.

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