Word: accountant
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...Reid's claim that George W. Bush would reduce Social Security benefits 40% was hogwash. The President has merely stated the obvious, that reductions will be necessary. Reid also made the absurd comparison between Bush's very conservative investment-account proposal and Las Vegas gaming tables. Finally, there was the boorish and possibly unprecedented hooting of the President by Democrats during the speech...
Hollywood has good reason to be worried. BitTorrent downloads account for one-third of Internet traffic, according to CacheLogic. So-called tracker sites post links to movies, video games and episodes of TV shows, the content of which is then traded at turbocharged speeds. With more folks logging onto the Internet via broadband connections, online trading of movies, TV shows and porn is surging. Downloads of feature films alone are up 175% in the past year, says BigChampagne, another Web-tracking firm. In response, the Motion Picture Association of America (MPAA) recently filed dozens of civil suits against tracker sites...
Under the current system, workers generally contribute 6.2% of their wages to the Social Security system. Under Bush's plan, you would eventually be able to divert as much as 4% into a personal investment account that could be invested among a limited number of government-selected funds. The account could not be spent or borrowed against until retirement. At retirement, you would still get a traditional Social Security check, but it would be smaller, reflecting your diminished contribution to the system. You would also be required to commit a portion of your personal account to an annuity-to trade...
Both task force chairs pledged that they would take student input into account in forming their recommendations...
...even that, it would seem, doesn’t fully account for Tuesday’s meltdown...