'From NBC's Mark Murray
LAS VEGAS -- She said, "Social Security was on a path to being solvent into 2055," when talking about
the fiscal situation Bush inherited -- and then squandered -- when he took office. But again, we must
make this point: A 2001 Social Security Board of Trustees report, released just a couple of months after
her husband left office, said the program would remain solvent until 2038, not 2055. And now, Social
Security's solvency is 2041, per the Trustees.
Also, she said that raising the income cap on Social Security taxes would amount to a trillion-dollar tax
increase. Yet the AP overheard Clinton last month telling a voter that she might consider such a hike on
that cap, if there was a gap in protecting those making less than $200,000.'
http://firstread.msnbc.msn.com/archive/2007/11/15/469388.aspx_________
From NBC's political blog First Read:
"The Obama camp clearly sees Social Security as a winning exchange for them last night. In fact, they released
a letter to Clinton from Maquoketa high school teacher Tod Bowman, who writes, in part, "I think it’s important
for candidates to draw substantive contrasts on where they stand. But I just don’t understand how you can like
an idea one day and then turn around and criticize it the next. It just gives the impression that you’re not being
straight with people about where you stand."
Bowman, the AP reported on Oct. 27, "tried to pin down Clinton during a debate in Iowa earlier this month on
whether the government should tax workers' earnings above the present cap of $97,500 to help pay for Social
Security benefits.
"Clinton sidestepped the question in public, telling Bowman privately afterward that she didn't want to put an
additional tax burden on the middle class, but would consider a "gap," with no Social Security taxes on income
from $97,500 to around $200,000. Anything above that could be taxed. Her answer was overheard by an
Associated Press reporter."
Here's the letter:
Dear Senator Clinton:
I was watching the debate last night, hoping to get some clarity on where the candidates stand on the fundamental
issues we’re facing in this country like Social Security. Senator Obama gave the same straightforward answer last
night on Social Security that he gave to me last month. But I was confused about something you said -- because
you criticized Senator Obama for supporting something you told me you’d consider supporting yourself.
On October 7, I attended a forum with you in Maquoketa, Iowa, and had the chance to ask you what you’d do to
protect Social Security. The response you gave in front of that crowd was different from the one you gave when
you came up to me after the event. And one of the things you told me in private afterwards was that you’d consider
supporting asking Americans to pay payroll taxes on more of their earnings. But that’s exactly what you criticized
Senator Obama last night for supporting.
I think it’s important for candidates to draw substantive contrasts on where they stand. But I just don’t understand
how you can like an idea one day and then turn around and criticize it the next. It just gives the impression that
you’re not being straight with people about where you stand. And if you won’t be straight with us on the campaign
trail, how can we be sure you’ll be honest with the American people when you’re President?
So I’d just like to know, are you still considering supporting raising the cap or not?
Thank you,
Tod Bowman
Maquoketa, Iowa
http://firstread.msnbc.msn.com/archive/2007/11/16/470282.aspx