Performance Budgeting and Management White Papers
Did the President Mislead on Social Security in His April 29 Press Conference?
Overview A series of statements by President Bush in his press conference on April 29, 2005 is likely to have left millions of viewers with misimpressions about his private-accounts proposal and about the Social Security system. Many of these statements had a common element - they created misleading impressions about how the private accounts would work, because of the President's failure to explain in the press conference that people who elect the accounts would have their Social Security benefits reduced in return. For each dollar that a worker placed in a private account, the worker's Social Security benefits would be reduced by one dollar plus an interest charge equal to 3 percent.
| Publisher | Center on Budget and Policy Priorities | File Format | PDF, requires Acrobat Rdr 5 |
|---|---|---|---|
| Date Published | May 2005 | Downloads | 72 |
| Format | White Papers | ||
| Topics | |||
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