PRESIDENT MISLEADS ON SOCIAL SECURITY RATE OF RETURN

<snip> In Kentucky on June 2, the President stepped up his efforts to promote his Social Security plan with a claim that private accounts provide a substantially higher return than traditional Social Security without any added risk. The President said:
“Right now, when we collect your money, if you’re a youngster out there working hard and paying into the system, you’ll be displeased to know you get about a 1.8 percent return on your money, which is pitiful, rate of return. Heck, you can put your money in T-bills and do better than that… A conservative mix of bonds and stocks, for example, can yield over a period of time 4.5 percent rate of return. And that difference between the 4.5 percent somebody gets or the 1.8 percent you're now getting over a 30-year period is a lot of money.”<1>
The President’s statement was highly misleading. It went beyond the somewhat more careful statements he has previously made on this matter. <snip>


http://www.cbpp.org/6-6-05socsec.htm

There are so many lies and manipulations in his stmts about Soc Sec, you have to correct his EVERY word!

Bush is a HUGE LIAR!!!!

I know we all know this, but damn, how can one man lie so fast and furiously????? I can't keep up!