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January 04, 2005

"Saving" social security

In addition to the ridiculous set of ideas entailed in "privatizing" social secuity, W now wants to change the way benefits are indexed--away from a complex calculation based on a number of factors relating to standard of living, to a flat index based on the consumer price index. What does that look like? naSocial_010405.gif

Wouldn't it make much more sense just to raise the retirement age to 70 (in a nod to shifting demographic realities)? Oh wait... sense. Reality. Sorry, wrong president!

Read the whole WaPo article if you weren't sufficiently pissed off this week.

Posted by jay at January 4, 2005 03:36 PM | TrackBack
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