El Babel Fisho:
President George W. Bush assured last night that, with its plan of reform of the Social Insurance, "nobody will retire in poverty", because the benefits will adjust so that they favor more to the workers of smaller economic resources on those of the workers of elevated income. "If you work hard, one will not retire in the poverty", he affirmed Bush in press conference in the White House.
This would be obtained by means of formulas according to which the medium pensioners of and high resources would obtain benefits smaller than the present ones. The President, however, did not enter details. "Everything will be part of the negotiation", said.
In his first press conference in schedule of greater east hearing year - fourth of his Bush presidency it did not clear the finger of the line in his proposal to create voluntary private accounts of investment for younger workers in spite of the poor reception that its plan has had between the population and although the democrats have indicated that they will not negotiate until the proposal retires of the table.
The press conference took place in the day eve first 100 of the second presidential period of Bush. However, Bush gave a turn to its plan saying that the voluntary accounts "would suplementarían the check of Social Insurance". That is to say, which they would be added to the Social Insurance, although it did not indicate how they would finance.
The democrats have indicated that they would consider some version of the accounts as long as they do not finance with part of the tax on list that divides between patronos and employees. Bush added that the investment options would be "simple and easy to understand". One of those options of investment would be treasury bonds of the United States.
"My promise for the Americans is that I will follow ahead with this subject because I know that it is important for you", Bush said
"That is to say, which they would be added to the Social Insurance, although it did not indicate how they would finance. "
That was my biggest complaint - nothing really new or concrete about his entire speech. Just the same talking points he's been trying - and failing - to sell to the American public for several months now.
I wish that any plan would allow me to immediately have MY money, rather than waste away in SS or be seized for some 'personal account'. If it's for my 'personal account', let me have it NOW.