Third:
From the Progress Report....
| The large role of tax cuts in the deficit has been confirmed by the President's own budget analysis. Social Security, meanwhile, continues to run a surplus. Greenspan's recommendation amounts to a huge transfer of wealth from future retirees to the very rich. The President, for his part, dodged a direct question yesterday about whether he believes, as Greenspan does, we should scale back Social Security to deal with the rising budget deficit, saying he needed to "see exactly what [Greenspan] said." |
If you read the links in the Dennis Kucinich report, you may have seen Dennis' comments on Social Security. If not, check it out here.
| We need to reclaim the benefits of quality life extension for our seniors by reclaiming Social Security benefits at age 65. America can afford it. Social Security's finances are more secure than ever. The fund is solid through the year 2042, without any changes whatsoever. And America is wealthier than at any previous point in Social Security's history.
Yet, Wall Street advocates of privatization look at Social Security's accumulated surplus as a source of revenue to fuel an erratic market. The present Administration has created a commission which stands for privatization, even in the face of collapsing markets. The proposed privatization of Social Security challenges us once again to consciously choose between the claims of the community and the claims of commerce, between the requirement for economic justice and the imperative for profit, between the public interest and private interest. |
....but hey, do what you want....you will anyway.
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