Re: Recent Poll Numbers
OK, here is some SSI stuff:
Topic: Social Security
Speaker: Bush, George - President
Date: 4/16/2001
Quote/Claim:
"Members of Congress could take some lessons from Chile, particularly when it comes to how to run our pension plans. [Source: White House Web site] "
Fact:
"Chile's Retirees Find Shortfall in Private Plan. - NY Times Headline, 1/27/05"
Reference Reference
Topic: Social Security
Speaker: Bush, George - President
Date: 2/8/2005
Quote/Claim:
"A personal account would be your account, you would own it, and the government could never take it away.? [Source: White House Web site]"
Fact:
"Bush?s Social Security plan is a far cry from the private ownership he?s touting, however. For example, instead of private plans that let Americans control their own investments, there are tight restrictions on which conservative stocks and bonds the public will be allowed to buy. And, as the New York Times reports, the more restrictions there are, the harder it would be for people to achieve the outsized returns the administration has generally promoted to sell the public on private accounts.? - NY Times, 2/6/05"
Reference Reference
Topic: Social Security
Speaker: Bush, George - President
Date: 2/8/2005
Quote/Claim:
"Best of all, the [private] accounts would be replacing the empty promises of government with the real assets of ownership.? [White House Web site] "
Fact:
"Social Security trust funds hold nothing but U.S. Treasury securities,? recognized as the safest, most reliable investment worldwide.? - Century Foundation, 1/26/05"
Reference Reference
Topic: Social Security
Speaker: Bush, George - President
Date: 2/4/2005
Quote/Claim:
"I think it?s important for people to be open about the truth when it comes to Social Security.? [Source: White House Web site] "
Fact:
"The Wall Street Journal reports the White House is quietly assembling a coalition of deep-pocketed allies that will privately raise $35 million for an advertising and lobbying effort to push the politically risky measure through Congress.? - WSJ, 2/4/05
The Bush administration has lobbied hard for privatization while being notably closemouthed about the details. - Washington Post, 2/6/05 "
Reference Reference Reference
Topic: Social Security
Speaker: Bush, George - President
Date: 2/4/2005
Quote/Claim:
"The role of a President is to confront problems ? not to pass them on to a future President, future Congress, or a future generation.? [Source: White House Web site] "
Fact:
"Dick Cheney admits trillions of dollars in future borrowing will be necessary to cover the cost of establishing private accounts. This deficit would have to be repaid by today?s younger workers. - NY Times, 2/6/05 "
Reference Reference
Topic: Social Security
Speaker: Bush, George - President
Date: 2/2/2005
Quote/Claim:
"Social Security was a great moral success of the 20th century, and we must honor its great purposes in this new century.? [Source: White House Web site]"
Fact:
"Conservatives have been trying to gut Social Security since its inception. Both Barry Goldwater and Ronald Reagan endorsed privatization in 1964. In 1983, the Cato Institute laid out a privatization plan similar to President Bush?s, stating, We will meet the next financial crisis in Social Security with a private alternative ready in the wings.? - Miami Herald, 2/7/05"
Reference Reference
Topic: Social Security
Speaker: Bush, George - President
Date: 2/2/2005
Quote/Claim:
"By the year 2042, the entire system would be exhausted and bankrupt.? [Source: White House Web site] "
Fact:
"In 2042, enough new money will be coming in to pay between 73-80 percent of promised benefits. Even with this reduction, new retirees will still receive more money, in inflation-adjusted dollars, than today?s beneficiaries. - WP, 2/5/05"
Reference Reference
Topic: Social Security
Speaker: Bush, George - President
Date: 2/2/2005
Quote/Claim:
"As we fix Social Security, we also have the responsibility to make the system a better deal for younger workers. And the best way to reach that goal is through voluntary personal retirement accounts.? [Source: White House Web site] "
Fact:
"Analysis of the plan so far does not prove the accounts would be a better deal for anyone not working on Wall Street. Workers who opt for the private accounts would recover forfeited benefits through their accounts only if their investments realized a return equal to or greater than the 3 percent earned by Treasury bonds currently held by the Social Security system.? But CBO factors out stock market risks to assume a 3.3 percent rate of return. With 0.3 percent subtracted for expected administrative costs on the account, the full amount in a worker?s account would be reduced dollar for dollar from his Social Security checks, for a net gain of zero.? - Washington Post, 2/4/05"
Reference Reference
Topic: Social Security
Speaker: Bush, George - President
Date: 2/2/2005
Quote/Claim:
"You?ll be able to pass along the money that accumulates in your personal account, if you wish, to your children or grandchildren.? [Source: White House Web site] "
Fact:
"Most lower-income workers will be required to purchase government lifetime annuities, financial instruments that provide a guaranteed monthly payment for life but that expire at death. Money in these annuities cannot be passed on to heirs. - NY Times, 2/3/05"
Reference Reference
Topic: Social Security
Speaker: Bush, George - President
Date: 2/2/2005
Quote/Claim:
"We must pass reforms that solve the financial problems of Social Security once and for all.? [Source: White House Web site]"
Fact:
"A Bush aide, briefing reporters on the condition of anonymity [said] that the individual accounts would do nothing to solve the system?s long-term financial problems.? The long-term gap in revenue would have to be closed through benefit cuts that have yet to be detailed.? - LA Times, 2/3/05; Washington Post, 2/5/05"
Reference Reference Reference
Topic: Social Security
Speaker: Bush, George - President
Date: 12/11/2004
Quote/Claim:
"In the year 2018, for the first time ever, Social Security will pay out more in benefits than the government collects in payroll taxes.? [Source: White House Web site]"
Fact:
"In 14 of the past 47 years, including 1975 to 1983, Social Security paid out more in benefits than the government collected in payroll.? - MSNBC, 1/14/05
Under Bush?s plan, expenditures will begin to exceed revenues even earlier, in 2012. - NY Times, 2/4/05"
Reference Reference Reference
Topic: Social Security
Speaker: Bush, George - President
Date: 1/27/2005
Quote/Claim:
"Under the current system, today?s 30-year old worker will face a 27% benefit cut when he or she reaches normal retirement age.? [Source: GOP Guide to Social Security Reform]"
Fact:
"According to the Congressional Budget Office, younger workers would receive better benefits from Social Security as it exists now, even if nothing changes, than from President Bush?s private accounts plan. - EPI, 2/05"
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