Thursday, February 17, 2005

Well, Shucks...! 

From the Chicago Tribune (lost the link, sorry):

Nice article that gives us a whiff of the model plan for Social Security as it was done in Texas. Apparently some counties in Texas have already done the experiment. A great success, according to the portfolio managers and wealthy participants, but not for the poor and working class. My bet is you’ll be hearing more about this great experiment:

"What we can learn from the Galveston experience is who will win and who will lose if we move toward this privatization plan," Kingson added. "People who work long and hard at relatively low wages get a proportionately higher benefit from Social Security, and that's because its purpose is to provide a basic set of protections for Americans."

The bottom line for many Galveston County retirees is the size of their check every month. And some say they have been bitterly disappointed.

"I get around $460 per month now, but under Social Security, I would have gotten $1,000," said Joyce Longcoy, who retired in 1998 after 23 years working for Galveston County. "They are putting this up to be a model for the rest of the country. Some model."

And according to the AP’s Deb Reichmann, Rove has put on his short pants and taken up the megaphone and pompom of a cheerleader. (Sorry for that image.)

Karl Rove, President Bush's top political strategist, on Thursday pronounced conservatism the "dominant political creed in America" and coached fellow conservatives on how to support his boss.

"The next time one of your smarty-pants liberal friends says to you, `Well, he didn't have a mandate', you tell him of this delicious fact: This president got a higher percentage of the vote than any Democratic candidate for president since 1964," Rove said.

Yeah, smarty pants. Trying to confuse me with relevant facts and your use of brain. Take that! Personally, I think I'd try to help him find a man date. Any ideas where to look?

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