It is a lie to say that social security will be bankrupt in 2042, or anywhere before that time! The Social Security Committee says that in 2042 social security will be able to pay about 75% of what it promised. 75%, while not 100%, is NOT bankruptcy!
How anyone can believe this Bush nonsense about social security is beyond me. This sense of urgency is coming from the same President that made war with Iraq an urgent priority.
It is a lie to say that social security will be bankrupt in 2014, let alone 2042.
It was a lie to say that Saddam was involved with 9/11.
It was a lie to say that Saddam had WMD's.
It was a lie to say that Saddam had reconstituted his nuclear program.
It was a lie to say that Saddam had drones that could hit the East coast.
The same President that has put our Country into a massive paralyzing deficit because of a war that was started based on lies, is the same President that says social security is in "imminent danger".
Speaking of deficits, here is the beginning of the new article from Salon.com
http://www.salon.com/news/wire/2005/03/04/deficit/index_np.html
President Bush's budget would keep federal deficits over $200 billion annually over the next decade, Congress' top budget analyst said Friday March 4, 2005.
The analysis by the nonpartisan Congressional Budget Office said Bush's plans for spending and taxes would yield deficits through the decade ending in 2015 totaling $2.58 trillion.
Here are quotes from an article out of the NY Times showing that President Bush has been wrong about social security for at least 27 years.
http://www.nytimes.com/2005/02/27/politics/27social.html
As a candidate for a House seat from Texas in 1978, George W. Bush said the "ideal solution" to Social Security's financial problems was for workers to be "given the chance to invest the money."
Social Security "will be bust in 10 years unless there are some changes," he said, according to an account published the next day in The Midland Reporter-Telegram. "The ideal solution would be for Social Security to be made sound and people given the chance to invest the money the way they feel."
So again I look ahead to the year 2042 and what we have to go on is what the The Social Security Committee says. And might I add that the Social Security Committee is pro privatization!
Then you have the Congressional budget Office, and they might even be correct when they say that social security will be safe until 2052. And when the economy gets stronger, social security will probably remain safe until 2062, 2072, 2082 or beyond.
The people trying to kill social security are people that will probably never need the benefits that social security provides. Lets also remember that the Republicans have been trying to kill social security ever since its start back in 1935. And as the deficit continues to skyrocket, the President will cut social programs and give more tax cuts to the wealthiest Americans.
In George Bush America, the rich get richer, while the poor get poorer, and the poor gets vital programs cut as a way to supposedly deal with the economic disaster that has been wrongfully inflicted on the majority of Americans.
In my book, a guaranteed 3% return is better than a 6% return with the risk of losing it all. You need to ask yourself, do you feel comfortable changing from a system with a guaranteed benefit, to a system where the benefit is not guaranteed?
Visit my web blog for more posts like this one, updated 2-3 times per week.
How anyone can believe this Bush nonsense about social security is beyond me. This sense of urgency is coming from the same President that made war with Iraq an urgent priority.
It is a lie to say that social security will be bankrupt in 2014, let alone 2042.
It was a lie to say that Saddam was involved with 9/11.
It was a lie to say that Saddam had WMD's.
It was a lie to say that Saddam had reconstituted his nuclear program.
It was a lie to say that Saddam had drones that could hit the East coast.
The same President that has put our Country into a massive paralyzing deficit because of a war that was started based on lies, is the same President that says social security is in "imminent danger".
Speaking of deficits, here is the beginning of the new article from Salon.com
http://www.salon.com/news/wire/2005/03/04/deficit/index_np.html
President Bush's budget would keep federal deficits over $200 billion annually over the next decade, Congress' top budget analyst said Friday March 4, 2005.
The analysis by the nonpartisan Congressional Budget Office said Bush's plans for spending and taxes would yield deficits through the decade ending in 2015 totaling $2.58 trillion.
Here are quotes from an article out of the NY Times showing that President Bush has been wrong about social security for at least 27 years.
http://www.nytimes.com/2005/02/27/politics/27social.html
As a candidate for a House seat from Texas in 1978, George W. Bush said the "ideal solution" to Social Security's financial problems was for workers to be "given the chance to invest the money."
Social Security "will be bust in 10 years unless there are some changes," he said, according to an account published the next day in The Midland Reporter-Telegram. "The ideal solution would be for Social Security to be made sound and people given the chance to invest the money the way they feel."
So again I look ahead to the year 2042 and what we have to go on is what the The Social Security Committee says. And might I add that the Social Security Committee is pro privatization!
Then you have the Congressional budget Office, and they might even be correct when they say that social security will be safe until 2052. And when the economy gets stronger, social security will probably remain safe until 2062, 2072, 2082 or beyond.
The people trying to kill social security are people that will probably never need the benefits that social security provides. Lets also remember that the Republicans have been trying to kill social security ever since its start back in 1935. And as the deficit continues to skyrocket, the President will cut social programs and give more tax cuts to the wealthiest Americans.
In George Bush America, the rich get richer, while the poor get poorer, and the poor gets vital programs cut as a way to supposedly deal with the economic disaster that has been wrongfully inflicted on the majority of Americans.
In my book, a guaranteed 3% return is better than a 6% return with the risk of losing it all. You need to ask yourself, do you feel comfortable changing from a system with a guaranteed benefit, to a system where the benefit is not guaranteed?
Visit my web blog for more posts like this one, updated 2-3 times per week.