43 speaks

Categories: General Archive

43 speaks

1: See the funny working people! (Nebraska, Feb. 4)

When promoting social security reform with 'regular' citizens in Omaha, Nebraska, President Bush... met Mary Mornin, a woman in her late fifties who told the president she was a divorced mother of three, including a 'mentally challenged' son.

The President comforted Mornin on the security of social security stating that 'the promises made will be kept by the government.'

But without prompting Mornin began to elaborate on her life circumstances.

Begin transcript:

MS. MORNIN: That's good, because I work three jobs and I feel like I contribute.

THE PRESIDENT: You work three jobs?

MS. MORNIN: Three jobs, yes.

THE PRESIDENT: Uniquely American, isn't it? I mean, that is fantastic that you're doing that. (Applause.) Get any sleep? (Laughter.)

2: Social Security reform explained (Tampa, FL, Feb. 4)

WOMAN IN AUDIENCE: I don't really understand. How is it the new [Social Security] plan is going to fix that problem?

Bush: Because the--all which is on the table begins to address the big cost drivers. For example, how benefits are calculated, for example, is on the table. Whether or not benefits rise based upon wage increases or price increases. There's a series of parts of the formula that are being considered. And when you couple that, those different cost drivers, affecting those--changing those with personal accounts, the idea is to get what has been promised more likely to be--or closer delivered to what has been promised. Does that make any sense to you? It's kind of muddled. Look, there's a series of things that cause the--like, for example, benefits are calculated based upon the increase of wages, as opposed to the increase of prices. Some have suggested that we calculate--the benefits will rise based upon inflation, as opposed to wage increases. There is a reform that would help solve the red if that were put into effect. In other words, how fast benefits grow, how fast the promised benefits grow, if those--if that growth is affected, it will help on the red.

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