What Bush going to do my Social Security

I hope it is not any thing like what he has done with cash balance legislation for pension plans. Because that is a complete rip off for workers with many years of service

I have been paying (involuntary) to social security for 30+ years. If he wants to privatize my social security then fine give me the money. The 69K I put in plus the 69K my employer put in.

AND I WANT IT WITH INTEREST

Hey if I'm late on paying my taxes they sure as hell charge me interest. So if you want to do any thing with my social security they need to figure the money I have paid in with interest

How much you want to bet Bush is going to try and screw all of us

How bad is he going to fuck over the average tax payer

I think it's the same stuff he usually comes up with - vague idea, no details. Details are not his strong point.

There's really no way to tell what effect it'll have long-term. Short-term, it'll cost at least $2 billion to migrate SS to the privatized plan. Bush has allocated no money for it, so I'm not sure where he plans to find it.

No one can see the details until after it is voted in.

Then we get to learn just how bad we have been screwed

I think we should start wting letters to democratic lawmakers now telling them they need to start asking questions now before we all get screwed

bankrupt SS and eliminate it.

This seems to be Bush's goal for most social programs.

Like i said we all need to demand we want our money WITH INTEREST

What's being paid in now goes to pay current SS recipients.

The amount you've paid in *should* still count toward your benefits if SS is still around when you reach retirement age. Keep in mind that Bush supposedly only wants to privatize a portion of the program, not all of it.

where in an account titled SS. The money that goes into the government as SS gets thrown in the general revenue. Yeah he'll privatize 99.99% of it for the youngest payers/workers. Can't believe anything that jerk says.

well there are others..i posted about this the minute i heard a couple of days ago and i guess no one listened..but i see today the story is getting some play..yup about ten more years for me..but i just saw what my parents went thru during their last years and i know by the time i get there, with bush`s plan i might as well eat shit and die, cause my life won`t be nearly as good as theirs were. it`s father and mother against son and daughter and grand children under bushes plan...if there is really a plan or just a big check to the financial markets

The chances are very good that you will draw out more in Social Security benefits than you ever contribute. If you keep up on your homeowner's insurance, and you have a fire, the amount you paid in premiums will be dwarfed by the amount you potentially collect should you have a fire.

Also, should you fall down the stairs tomorrow, injure your brain and be unable to work for the rest of your life, you will be entitled to Social Security disability. You won't live like royalty on disability, but you will live.

Social Security is probably the most successful government program ever created, serving people all across the country, and providing a benefits floor to stave off penury for millions. If accounts are "privatized," how long do you suppose it will be before we hear the first story of someone scammed out of their private account, and left penniless right on the brink of retirement? I'm going to say three months. And what do we do with or for that person? "Oops, too bad! Looks like you're going to starve to death in the street." Or do we all get together and pay for that person's blunder? And if we're going to pay for the blunder, why not just avoid the occasion for making it in the first place?

LOL, come on, it won't take NEAR that long

But you know for a fact that it will happen, and we will be inundated with stories of folks who were scared into thinking that they didn't have enough saved in their private accounts, and who took a flyer on a risky investment that promised huge returns.

Will we spend the money to educate folks about their own best interests? Institute government regulations to strictly control the con men and scamsters who will cheat folks out of their money? Under the Republicans? It is to laugh.

in SOCIAL SECURITY actually MEANS SOMETHING

Look no further for your answer! (Walker, as in George WALKER Bush!)

thing of the past and if SS goes, people will have to save 100% for their retirements which is just about impossible. You listen to certain people cripe about how their pensions are not adjusted for inflation plus they get SS. Yeah, well try no pension and no SS and whine to me.