Social Security Destroyed

So Chimpy didn't get his way on "private accounts". So how does an intellectually bankrupt man solve the issue? By screwing it up worse..

The Post:

President Bush called on Congress last night to curtail future Social Security benefits for all but low-income retirees in an urgent new effort to address the popular program's shaky finances.

As Atrios points out...

A "medium" earner, one earning $36,507 in 2005, would see benefits cut by 16% in 2045 and 28% in 2075.

A "high" earner, one earning $58,411 in 2005, would see benefits cut by 25% in 2045, and 42% in 2075.

So my benefit cut under Chimp-in-Chief's plan would be 25%. I don't expect that's going to be a life altering issue for me, and it won't affect the wealthy at all. But it will screw the middle class, which Bush is really good at doing.

Instead of looking at revenue and better ways to manage the program, Bush simply cuts benefits.