Tell Sen. Rick Santorum and Sen. Arlen Specter to save Social Security!
Members of the Republican Party, and many Democrats stand with President Bush, and recognize that Social Security needs to be fixed now. While Social Security is sound for today's seniors, we must work together now to strengthen Social Security for our children and grandchildren. The longer we wait, the more difficult and costly it will be to fix the problem.
In 1950, there were 16 workers paying for every one beneficiary.
Today, there are about three; and, when the younger workers retire, there will be only two.
But while the number of workers paying in is going down, the promised benefits are going way, way up. For instance, a 20-year-old worker today is being promised retirement benefits that are 40 percent higher than a retiree today receives from Social Security after adjusting for inflation, but the system does not have the resources to pay those promised benefits.
President Bush's efforts will not change Social Security for those at or near retirement, and will not change payroll taxes but will allow younger workers to place some of their own payroll taxes in a voluntary personal retirement account - a nest egg they can call their own, government cannot take away, and they can pass on to their children.
Ask Sen. Rick Santorum and Sen. Arlen Specter to keep working with the President and to preserve Social Security for our children. Sign the petition and then ask others to join you.
To sign, Click here
2 comments:
"Save Social Security" is wrong on so many issues it's difficult to point out all of them.
In 2003, the Social Security Trust fund's assets increased by $152 billion, to about $1.5 trillion. According to the SS trustees, the trust fund's assets will increase to $3.5 trillion in 2013, or enough money to pay benefits for over 4.4 years at rates then in effect.
Younger workers need not worry about their SS retirement funds so long as Bush's evil scheme is defeated. When SS really was in trouble, in 1983, the system was only about 100 days away from insolvency. Now, the system is at least 14 years away from even needing to think about tapping into the trust fund. SS may need fixing some day, but the 1983 experience demonstrates we can wait a decade or two for such drastic action.
Compared with the rest of the federal budget, SS doesn't seem to be in much of a crisis does it?
So long as the Govt can take get to it and soeand it it's in trouble! I want it in my account, with my name on it, it's mine and you can't have it unless I give it to you. Stop relying on Uncle Sam to give you what he thinks you should get and start fighting for what is rightly yours.
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