Leftist Math

I sat down yesterday to write a long winded inspired piece about the new social security calculator put out by the dems. Long story short, I ended up at the bar. Luckily there are more responsible (and knowledgeable) men and women out there.

#1. Democrats assume that current Social Security systems can pay promised
benefits, but, in fact, benefits would be cut 27 percent by 2042 if nothing is
done. (Source)
#2.
Democrats assume final plan will include price-indexing when price indexing is
not in plan president laid out in State Of The Union address. (Source)
#3. Democrats do not account for investment gains. (Source)
The Washington Post: “Personal Accounts Would Boost
Benefits For The Average Retiree” Because Real Rate Of Return Is Expected To Be
4.6 Percent. (Source)
#4. Democrats make up “Privatization Tax” -
President’s plan merely prevents “double-dipping” by allowing workers portion of
traditional benefits if they choose PRAs. President Bush’s plan “would require
those who opt for a personal account to forgo some of their regular benefits.
It’s simply a trade-off - and it’s necessary to prevent double-dipping by both
having a personal account and drawing full benefits.” (Source)