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Politics : PRESIDENT GEORGE W. BUSH
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To: H-Man who wrote (672096)2/13/2005 2:39:53 AM
From: Cogito  Read Replies (2) of 769667
 
>>Here is what he said regarding 2018:

"in 2018, Social Security will be paying out more than it collects in payroll taxes" ... "by the year 2042, the entire system would be bankrupt"

So the question is why did YOU lie?

Why is it that you have to lie about President Bush in order to make a political point?<<

H-Man -

Did I say that he said it during today's radio address? No. He said it in speeches around the country in the days following the State of the Union address.

That doeesn't change the fact that his big push for private accounts doesn't address the main issue, and in fact will aggravate the problem.

By the way, the "bankrupt" system he talked about today, in 2042, would still be able to pay out 70%+ of benefits, without any additional borrowing. How is that bankrupt?

- Allen
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