Bill Clinton: “Thank you, Chuck, it's nice to hear your voice. OMB Memorandum Mr. Meyer. Now, let's clear up a matter here of this…”

“Thank you, Chuck, it's nice to hear your voice. OMB Memorandum Mr. Meyer. Now, let's clear up a matter here of this budget memo. This story broke yesterday in the Washington Post, and your reaction to it came on the West Coast yesterday. And some people in Cleveland may not be caught up on it, but apparently there was a budget memo that was leaked to the Washington Post indicating that one of your administration's options in the future might be a reduction in Social Security benefit COLA's and a raising of some taxes. What's the straight story on that?”