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Current benefits are paid out of current payroll taxes.
And unlike current benefits, they could not be reduced arbitrarily.
But he considers the current benefits "pretty damn generous".
The problem is: Bush has promised the same money to pay seniors their current benefits.
Under the current benefits system, the financial gains of taking a job can be very small.
In fact, their current benefits package is unheard-of for employees in the private sector.
"I don't think it's at all fair to scare people over current benefits".
These constant increases pile up more money than needed to pay current benefits.
Predictably, Democrats are opposed; they want enough federal control to ensure that current benefits are protected.
May's negotiations have to go well beyond the list of current benefits that Britain might salvage.
But Mr Hollande has in effect ruled this out, declaring that he will "guarantee" current benefits.
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CEO of Professional Science Editing for Scientists @ prosciediting.com