- Woman in audience asks: 'I don't really understand. How
is the new plan going to fix the problem?'
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- President George W. Bush responds:
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- "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 that 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, supposed 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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