Thursday, February 3, 2005
This Year's Big Lie Took 3 More Words...
(From Kos)
16 words made up Bush's yellowcake lie in his 2003 SOTU. This year, he got a little more verbose and beefed up his lying capacity to 19 words. Good for him...
Bush last night:
"And best of all, the money in the account is yours, and the government can never take it away."
Today's Washington Post, citing a senior Bush adminstration official:
If a worker sets aside $1,000 a year for 40 years, and earns 4 percent annually on investments, the account would grow to $99,800 in today's dollars, but the government would keep $78,700 -- or about 80 percent of the account. The remainder, $21,100, would be the worker's. With a 4.6 percent average gain over inflation, the government keeps more than 70 percent. With the CBO's 3.3 percent rate, the worker is left with nothing but the guaranteed benefit.
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