Social Security: Q to Bush — where do you get the money?

Bush: “Seniors: You’ll still get your checks.” Problem is for youngsters. “We need a different strategy.” (He looks like he’s struggling very hard to remember the facts — the name “Daniel Patrick Moynihan” seemed to be hauled from the deep lumberroom of memory.)

Kerry: You just heard the president say that young people should be able to take SS money into their own accounts. Disaster. The CBO said there’d bea $2 trillion hole. Today’s workers pay into the system for today’s retirees. President has never explained where the transitional money comes from.