anybody still following this? if you live in the US, you should be:
Quote:
President Bush called on Congress last night to curtail future Social Security benefits for all but low-income retirees in an urgent new effort to address the popular program's shaky finances.
With virtually every Democrat, as well as many Republicans, opposed to his plan for private investment accounts, Bush sought to shift the focus of the Social Security debate to a new proposal that would reduce benefits more as workers' incomes rise.
"I believe the reformed system should protect those who depend on Social Security the most," he said in a nationally televised news conference. "So I propose a Social Security system in the future where benefits for low-income workers will grow faster than benefits for people who are better off." This is the first time Bush has backed a specific plan to reduce future benefits for tens of millions of Americans.
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i believe the middle class is about to get f*cked. why should means-testing enter into the equation? you should get out of it something proportionate to what you pay into it. period. as far as i can see, the projected insolvency of the SS system is due to the government's uncontrollable binge spending of what is paid into the system. "fixing it" should mean bringing government spending under control so what comes into SS stays in.
according to the prez, fixing SS means changing the rules in the middle of the game.
http://www.washingtonpost.com/wp-dyn...042801044.html