"Because the -- all which is on the table begins to address the big cost
drivers. For example, how benefits are calculate, 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."
- -- George W. Bush, explaining his plan to save Social Security, Tampa, Fla.,
Feb. 4, 2005