Wednesday, February 09, 2005

More Bush Lies

I knew the minute this came out of his mouth at the SOTU that Bush was lying. Now Josh Marshall details the deception.

One of the most misleading comparisons President Bush made in his State of the Union address came when he compared private accounts carved out of Social Security to the Thrift Savings Plan available to employees of the federal government.
No federal employees put their Social Security funds into the TSP. The TSP is in addition to Social Security. To the extent that there is an analogy to anything it is to an add-on account -- the kind Democrats support and Republicans oppose. Indeed, the TSP is little different from private sector 401ks, a defined-contribution retirement plan


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