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THE WHITE HOUSE Office of the Press Secretary (Great Falls, Montana) ____________________________________________________________________________________ For Immediate Release February 3, 2005 SETTING THE RECORD STRAIGHT Participants get 100% of Their Personal Retirement Accounts, Both Principal and Interest Myth: Jonathan Weisman's Washington Post Story today (p A13), includes the headline that "Participants would Forfeit Part of Accounts' Profits," which is flat wrong. The article says workers who opt for personal accounts "would ultimately get to keep only the investment returns that exceed the rate of return that the money would have accrued in the traditional system." This statement, unfortunately, is also flat wrong. Both...

Tubby didn't get the memo. On the home page of his website he prominately displays and reprints a link to a grossly misleading article on President Bush's SS reform package that appeared in the Washington Post today. How Bogus? So bogus that they the Post had to run a corrected article that showed just how badly the writer got it wrong. You can thank a blogger for bringing that to NRO's attention earler today. The best part? Moore's put up the bogus article at 2:45 pm (You can see that here). The great thing is that the corrected article was...

Support The DrudgeReport; Visit Our Advertisers THE WHITE HOUSE Office of the Press Secretary (Great Falls, Montana) ____________________________________________________________________________________ For Immediate Release February 3, 2005 SETTING THE RECORD STRAIGHT Participants get 100% of Their Personal Retirement Accounts, Both Principal and Interest Myth: Jonathan Weisman's Washington Post Story today (p A13), includes the headline that "Participants would Forfeit Part of Accounts' Profits," which is flat wrong. The article says workers who opt for personal accounts "would ultimately get to keep only the investment returns that exceed the rate of return that the money would have accrued in the traditional system." This statement,...

Under the White House Social Security plan, workers who opt to divert some of their payroll taxes into individual accounts would ultimately get to keep only the investment returns that exceed the rate of return that the money would have accrued in the traditional system. The mechanism, detailed by a senior administration official before President Bush's State of the Union address, would hold down the cost of Bush's plan to introduce personal accounts to the Social Security system. But it could come as a surprise to lawmakers and voters who have thought of these accounts as akin to an individual...