Don't Let Them Steal Social Security - THERE IS NO CRISIS!

JoMama49

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Wed Jan-19-05 09:22 PM
Original message

Don't Let Them Steal Social Security - THERE IS NO CRISIS!

http://www.thereisnocrisis.com

We really need to throw our weight behind this one. Once they steal it for their Wall Street buddies, they will dismantle it totally, but by that time, they will have taken the money and run. Let's stop them, and protect our seniors and disabled and survivor folks!

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AuntiBush

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Wed Jan-19-05 09:29 PM
Response to Original message

1. Yes! You're absolutely Correct!

Thank you!

Henry J. Aaron, Senior Fellow of Economics Studies from The Brookings Institute (also seen on C-SPAN last week with a power-pack presentation like no other and armed with plenty of very reliable partners at the table has written an article all of us should read his argument at:

http://www.brookings.edu/views/op-ed/aaron/20041101.htm

In 2000-2001 when the NASDQ fell more than 70% and the S&P 500 fell nearly 50%, millions were reminded that this risk is terrifyingly real. Such a meltdown in the value of the basic income support for retirees or workers on the eve of retirement would be catastrophic.

Furthermore, post-retirement inflation erodes private pensions. Social Security, in welcome contrast, fully protects pensioners against inflation. That is another reason why traditional Social Security must be sustained.

Not only would privatization expose workers to risks they are poorly equipped to handle, it would subject their children to debts they should not be asked to bear. The federal budget faces deficits estimated at $5 trillion over the next decade. Diverting 2 percentage points of payroll taxes from Social Security into individual accounts would add just over $1 trillion to that."

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JoMama49

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Thu Jan-20-05 01:03 AM
Response to Reply #1

2. It seems to be working -- enough people are calling * and company

on this lie. Repubs in the Senate are already admitting * is going to have a difficult time selling them on this. We have to keep exposing their lies - they don't expect it, and eventually they will lose all creditibility!

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lookinforward

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Thu Jan-20-05 01:29 AM
Response to Original message

3. There is no Social Security Crisis

Edited on Thu Jan-20-05 01:29 AM by lookinforward

There is a real immediate crisis in:

National Debt
Medicare
Veteran Benefits

and many others.

BY the way, link to the blogad like I did

http://www.thereisnocrisis.com/blogroll

my site with the link is http://lookinforward.blogspot.com/

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Don't Let Them Steal Social Security - THERE IS NO CRISIS!

National DebtMedicareVeteran Benefits

National Debt
Medicare
Veteran Benefits