Facts about Pres. Obama, Social Security, Medicare, and Tax Free Savings Accounts

[FrenchieCat]

President Obama was clear throughout his candidacy as to what he believed needed to be done in reference to saving our entitlement programs and ensuring their viability. Yet there are those who are reacting in a third rail sort of way when they hear the words "Social Security Reform". After 8 years of Bush, I don't blame a soul!

So let me be the first to assure you that President Obama has not and will not propose privatizing social security, nor will he propose cutting Medicare or Social Security benefits, and he certainly will not propose the diversion of Social Security funds into Tax Free Savings Accounts.

What President Obama will propose is raising the cap on the wages taxed by FICA, aka, Social Security. Currently, only the first $103,000 of your annual wages are taxed at a rate of 7.25% for the purpose of Social Security. In addition, Mr. Obama will revisit Bush's folly aka, Medicare Part D, and further, he will encourage savings by offering an opportunity for working families to save, in particular those who are not offered 401Ks by their jobs.

More....
http://www.opednews.com/articles/Facts-about-Pres-Obama-S-by-FrenchieCat-090226-443.html

I authored this article, so I would very much appreciate if readers would go to the link, to read this article, and give me some diggs, some buzz, some ratings, etc.....
Currently, It is one of the top OpEd! :)

Thanks! :hi:

[stillcool]

1. great article...happy to digg!

[FrenchieCat]

2. Thanks!

It's appreciated. :pals:

[Suich]

3. I really wish there were more articles like this!

Whenever Obama even mentions Medicare or SS, the talking heads start proclaiming that he's going to eliminate both. Terror, terror, terror for the seniors because they're the least likely to fight back. Makes me want to tear my hair out!

Great article! K & R!

Edited to add: I also joined OpEd News and rated it "Must read!"

[Still Sensible]

4. My pleasure

A good outline of the Obama approach we expect.