"The way I think the White House wants to deal with it is to hold the growth, well above inflation, of Social Security benefits. In other words, and say look anybody that we will guarantee the current level of benefits but not this growth beyond inflation which has been has made has put Social Security in such a financial hole all these years."
Cue Mort Kondracke doing what he does best on this show. Chin out, staring at Fred and nodding, the little lap dog.
Earlier this evening, I spoke with my 80 year old Mom. She gets $434.00 from Social Security each month. Her "raise" (as she laughingly calls it every year) will be a whopping $1.00. That's a whopping 0.23% increase. I'm not even going to bother looking into inflation in 2004. I somehow expect it was above one quarter of one percent.
The long knives are out for this program and Charles Schwab is just licking his chops for the business.
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