Bush Denounced For Social Security Analogy

[Mark E. Smith]

AP 4/1

Bush Draws Criticism for Citing Benefits Plan That Differs Greatly From Social Security Proposal

Out on the hustings, President Bush likes to make a case for allowing younger workers to invest some of their Social Security taxes by citing the example of the Thrift Savings Plan, private investment accounts available to members of Congress and other federal employees.

"Doesn't it make sense for members of Congress to give younger workers the opportunity to do the same thing with their money that they get to do in their retirement system?" the president asked this week in Cedar Rapids, Iowa, baiting his congressional opponents. "Frankly, if it's good enough for federal workers and elected officials, putting aside some of your own money in a personal savings account ought to be good enough for all workers in America."

What Bush fails to mention is that his accounts differ from the Thrift Savings Plan accounts in this way: They would be carved out of the Social Security taxes nongovernmental workers pay. By contrast, federal workers get their accounts in addition to a traditional Social Security benefit check.

http://abcnews.go.com/Politics/wireStory?id=631760

Looks like Fibs the Chimp has been busted. Again.

[Journeyman]

1. Thankfully, the Press is calling him on his lies and distortions. . .

not as much as I'd like, but seemingly enough to keep it solidly in the public's eye.

[NewJeffCT]

2. wow, a mainstream news source doing it, too

I'm in shock. I better go lie down.

[truthisfreedom]

3. nothing like a known liar to try to convey a "message." bush should know

that everyone, even his core, double-checks everything he says for "stink factor." nobody wants to be embarrassed by repeating something they heard bush say.

[slor]

4. How dare you interrupt POPEWATCH 2005!

Do we really need to quibble with our great leader, about these trivial details?

[truthisfreedom]

5. i thought we were all fixated on "falwell watch 2005"?

the Pope's been pretty pooped for a long time. it seems like a relief to see him go.

[Realityhack]

6. The pope was getting prity 'weekend at bernies' n/t

[rodeodance]

7. but no one corrects Bush in the meetings-so the ppl go home with

this incorrect information. They say a lie takes a second to travel around the world but it takes years to correct the lie (something like that). Bush is counting on that!!

[natrat]

8. bush is nothing more than a prostitute

my guess is that in the absence of puiblic interest in the stock mkt wall st firms have picked up the slack and are "holding". Waiting to pawn there shares off into these personal accounts and make a fortune.Perhaps if personal accountes dont go through someone will be stuck holding a bag of overvalued junk. Who knows