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Reply #45: WRONG : its in no trouble: 10 talking pts [View All]

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chomskysright Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-22-04 07:35 PM
Response to Original message
45. WRONG : its in no trouble: 10 talking pts
I've compiled these points from information I have been collecting.

I'm sending these around to newspapers. We can anticipate and innoculate against this Bush deployment.

hammondmv@netzero.com



TEN REASONS WHY PRESIDENT BUSH'S PLAN FOR SOCIAL SECURITY IS A BAD IDEA

1. WHO WANTS THE CHANGE? Wall Street wants privatization in order reap a windfall profit. Everyone else should be very suspicious. If the stock market goes down, your benefits go down.

2. WHY DOES WALL STREET WANT THE CHANGE? In the background, beyond private accounts, are various proposals to cut guaranteed Social Security
benefits in the future.

3. BUT WE WILL NEVER HAVE ANOTHER DEPRESSION AS IN 1929: wrong: In 1973-74, the stock
market lost 48 percent of its value. The stock market is a very dangerous place to put money

4. WHO DOES NOT WANT THE CHANGE? AARP, the nation's largest seniors organization, is coming out
strongly against President Bush's plan to allow private individual accounts
within Social Security.

5. HOW MUCH WOULD IT COST TO PRIVATIZE SOCIAL SECURITY? transitioning to private accounts could cost $2 trillion.

6. WHERE WOULD THAT MONEY COME FROM? our taxes will have to be increased to make Bush's proposed plan work.

7. HOW EFFICIENT IS THE SOCIAL SECURITY SYSTEM NOW? More than 99 percent of Social Security's revenues go toward benefits, and less than 1 percent for overhead.

8. OTHER COUNTIES MUST HAVE SOCIAL SECURITY AND MAYBE THOSE ARE BETTER? wrong: Chile's system, management fees are around 20 times as high. A privatized system will take money from your Social Security check.

9. SHOULD YOU BE WORRIED THAT YOU WILL NOT HAVE SOCIAL SECURITY? Nothing is going to change, in terms of benefits, for people near your retirement age.

10. WHO TAXED SOCIAL SECURITY TO BEGIN WITH? Ronald Reagan, a Republican, began the taxation on Social Security in 1983.

There is no Social Security crisis, just as there were no weapons of mass destruction. Social Security has provided a lifeline to millions of Americans with
millions of checks, and in more than 60 years has never missed a paymentand this track record can continue. Social Security is basically a sound system
that can meet 100 percent of its obligations for the next 39 years, and with responsible changes it can continue to do so indefinitely

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  -Poll: Social Security is in deep trouble thoughtanarchist  Dec-22-04 01:49 PM   #0 
  - Social security will..  shoelace414   Dec-22-04 01:50 PM   #1 
  - Please don't spread the virus  dpibel   Dec-22-04 08:54 PM   #48 
  - Consider the source... (nt)  MaineDem   Dec-22-04 01:50 PM   #2 
  - The BushCo propaganda is working all too well.  mcscajun   Dec-22-04 01:51 PM   #3 
  - "Social Security is in deep trouble & Kerry can't protect you from TERRA"  Bush_Eats_Beef   Dec-22-04 03:02 PM   #32 
  - A large majority of US residents.....  Viva_La_Revolution   Dec-22-04 01:51 PM   #4 
  - just what bushco wants us to think we think.  truthisfreedom   Dec-22-04 01:52 PM   #5 
  - and he's been planning this  shanti   Dec-22-04 01:58 PM   # 
  - Again people show their ignorance  tinymontgomery   Dec-22-04 01:52 PM   #6 
  - And that Saddam was involved with 9/11  4MoreYearsOfHell   Dec-22-04 01:53 PM   #7 
  - a large number of americans think...  gpandas   Dec-22-04 01:56 PM   #8 
  - gpandas, you are a kind person  4MoreYearsOfHell   Dec-22-04 01:59 PM   #10 
  - The Bushinistas sure have brainwashing  mtnester   Dec-22-04 01:58 PM   #9 
  - Reality and perception are two different things.  Sentinel Chicken   Dec-22-04 01:59 PM   #11 
  - the media blitz begins early...  thoughtanarchist   Dec-22-04 01:59 PM   #12 
  - this is not new info.  txaslftist   Dec-22-04 02:03 PM   #13 
  - Your yellow dog logo isn't fooling anyone nt  hatrack   Dec-22-04 02:07 PM   #14 
     - missed my point...  txaslftist   Dec-22-04 02:19 PM   #17 
  - Social Security DOES Work  sportndandy   Dec-22-04 02:10 PM   #15 
  - I don't think I would just look at admin costs.  toopers   Dec-22-04 02:28 PM   #23 
     - You're perpetuating the same myth the Repugs are pushing.  kostya   Dec-22-04 02:57 PM   #31 
        - It's a real philosophical difference...  Been Fishing   Dec-22-04 07:16 PM   #44 
  - Social security will be a problem but I disagree with Bush Co soln.  dmordue   Dec-22-04 02:12 PM   #16 
  - Not so  dpibel   Dec-22-04 09:01 PM   #49 
     - The problem isn't that they'll default.  igil   Dec-22-04 09:11 PM   #50 
  - Your social security is just fine  arikara   Dec-22-04 02:20 PM   #18 
  - Yes  Massachusetts   Dec-22-04 04:32 PM   #43 
  - I find it amusing because its the government that is running it into....  Historic NY   Dec-22-04 02:20 PM   #19 
  - Because Bush is planning on fucking with it  killbotfactory   Dec-22-04 02:25 PM   #20 
  - Bush will "fix" Social Security like he "fixed" Iraq...  KansDem   Dec-22-04 02:38 PM   #29 
  - You can convince US majorities of anything. Anything.  Voltaire99   Dec-22-04 02:27 PM   #21 
  - Moonie Times  Walt Starr   Dec-22-04 02:27 PM   #22 
  - may be but they just bought Slate magazine from MS......n/t  Historic NY   Dec-22-04 02:35 PM   #26 
     - So now there's a Moonie Mag  Walt Starr   Dec-22-04 02:37 PM   #27 
     - Slate is being bought by the Washington Post, not the Moonie Times.  DieboldMustDie   Dec-22-04 03:07 PM   #34 
        - Oops got them mixed up..........n/t  Historic NY   Dec-22-04 03:31 PM   #40 
  - Of course it is in trouble... look at who is trying to "save it"  LiberalFighter   Dec-22-04 02:29 PM   #24 
  - It's in trouble now that Bush has his hands on it n/t  Banazir   Dec-22-04 02:32 PM   #25 
  - Joseph Goebbels would be so proud  Sandpiper   Dec-22-04 02:37 PM   #28 
  - They are right. It's in DEEP trouble. Bush is trying to kill it. n/t  denverbill   Dec-22-04 02:51 PM   #30 
  - 10 talking pts: here the rebuttal: use these  chomskysright   Dec-22-04 07:36 PM   #46 
  - bullshit  Triana   Dec-22-04 03:03 PM   #33 
  - self delete  bunkerbuster1   Dec-22-04 03:08 PM   #35 
  - The text of your message cites the Washing Post...  DieboldMustDie   Dec-22-04 03:09 PM   #36 
  - Don't by *'s BS  Chef   Dec-22-04 03:10 PM   #37 
  - We either fight this shit now, or kiss Social Security goodbye.  Kimber Scott   Dec-22-04 03:24 PM   #38 
  - Does this mean that * 's media blitz has begun?  thecrow   Dec-22-04 03:31 PM   #39 
  - SS Is in Trouble ONLY Because Bush Is Gunning for It  Amigust   Dec-22-04 03:59 PM   #41 
  - SS is in trouble? we should all be in such dire financial straights.  stevebreeze   Dec-22-04 04:26 PM   #42 
  - WRONG : its in no trouble: 10 talking pts  chomskysright   Dec-22-04 07:35 PM   #45 
  - josh marshall has been hitting on this topic a lot lately  leQ   Dec-22-04 07:51 PM   #47 
 

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