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struggle4progress Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-04-05 04:13 PM
Original message
Bush raid on Social Security stirs alarm
By Denise Winebrenner Edwards

PITTSBURGH — Alarms are going off in union halls, churches and senior citizen residences across the country as the Bush administration kicks into gear its campaign to privatize Social Security. On Dec. 15, President Bush convened an economic summit, at which the first speaker was Richard Parsons, co-chairman of Social Security commission and chief executive of Time Warner. The commission, established in 2001, is calling for the privatization of Social Security under the cover of “private retirement accounts.” <snip>

“At a time when borrowing $100 million an hour from abroad, the $5 trillion deficit is accelerating, medical costs hammer wages and profits … and the income inequity is skyrocketing, for an economic summit to discuss diverting revenue from Social Security is the most perverse agenda this administration has come up with to date.” <snip>

“To extend the trust fund into the 22nd century with no change in benefits,” Paul Krugman wrote in the Dec. 7 New York Times, “would require additional revenues equal to only 0.54 percent of the gross domestic product” — roughly the portion of Bush’s tax cuts going to people with annual incomes over $500,000. <snip>

The Bush administration’s proposed reforms, charged Apfel, would manufacture an immediate crisis in Social Security because it would take money out and cost at least $2 trillion to implement. <snip>

http://www.ilcaonline.org/modules.php?op=modload&name=News&file=article&sid=1415&mode=thread&order=0&thold=0
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Benhurst Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-04-05 04:15 PM
Response to Original message
1. Well, DUH! NT
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damntexdem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-04-05 04:24 PM
Response to Original message
2. And threaten to cut benefits by 1/3.
Indexing them to inflation rather than to wage increases.
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OneBlueSky Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-04-05 05:20 PM
Response to Reply #2
3. methinks this might be a ploy . . .
Bush threatens to cut benefits, but then relents in exchange for passage of his "privatization" plan . . . just another example of BushCo fucking with out minds, imo . . .
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Vitruvius Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-04-05 07:40 PM
Response to Reply #3
4. 'Privatization' makes benefit cuts inevitable. Period.
Privatization means diverting FICA money to private accounts; without that money, benefits will be cut sooner-or-later. Period.
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patdem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-04-05 07:47 PM
Response to Reply #3
5. Yes, remember the ditches they were going to dig to bury the troops?
well we were so outraged at that thought, that when they said 'nevermind'..we forgot we were outraged by the invasion!...Rove is a devious creepy evil corrupt degenerate mastermind who knows how to distract....look over there...while he stacks the deck over here...:grr:
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blondeatlast Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-05-05 08:14 AM
Response to Reply #3
8. Sneaky bastards they are, but I don't think they'll "settle."
They want the whole cake.
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indepat Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-04-05 07:50 PM
Response to Original message
6. Every agenda this Administration has had from day one is most perverse,
with each succeeding agenda often more perverse than the perverse agenda that preceded it. But that's what we the people clamored for by awarding four more years in recognition of all the perceived good works associated with these perverse agendas.
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blondeatlast Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-05-05 08:12 AM
Response to Original message
7. Senior citizens, union members, churches--but where are our Democrats?
Is it too much to ask for someone to speak out?

My Dem ancestors (3 generations of them) are spinning in their graves.
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Colorado Blue Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-05-05 12:41 PM
Response to Reply #7
9. I sent this to David Brooks too, but...
One of the factors left out of these (Social Security)doomsday projections - by both left and right - is the fact that old folks spend money. Old, disabled, people on food stamps - anybody participating in a welfare program on any level - contributes to the economy - and the aggregate sum of their participation is enormous.

Remove the ability of these groups - huge numbers of people by the way - to spend money - and the entire economy is weakened drastically.

I will not bother going into the humanitarian problems, or the fact that elderly and disabled people contribute in other ways, sometimes profoundly. But I think it SHOULD be mentioned that, by our materialistic yardstick, we seldom consider the impact of wisdom, creativity and talent upon our economy. Old and disabled, sick and poor - people have much to give beyond dollars. And our children - poor ones too - are the very future we live for.

Shall we simply abandon life because it isn't economically enriching in some immediate sense?

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Skittles Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-05-05 08:35 PM
Response to Reply #9
12. HOWDY Colorado Blue
welcome to the DU! :hi:
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newyawker99 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-08-05 10:39 AM
Response to Reply #9
20. Hi Colorado Blue!!
Welcome to DU!! :toast:
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scarletlib Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-23-05 08:36 AM
Response to Reply #9
23. Well said!
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Cleita Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-05-05 12:52 PM
Response to Original message
10. I just wrote this letter to Senator Barbara Boxer about SS.
Dear Senator Boxer:

My husband died over the holidays. He was 78 years old and suffering from end stage renal disease. Yet, it was still sudden and unexpected. We had thought he would be able to survive a few more years.

Now that I am trying to put his affairs in order, I find myself with an immediate drop in income through Social Security of approximately $600 a month. My expenses have not gone down $600 with his demise. My rent, utilities and car payments and insurance remain the same. My income is just over the minimum to qualify for reduced utility discounts. The only expense cut was $146 a month for his medigap policy and $50 for Medicare and whatever personal needs he had for food, medication and clothing.

Except for the medication, his food and clothing needs were very modest. I did without medication for my Osteoporosis and Asthma that I could benefit from, so I could buy the medication he used that was crucial for his survival. I hope to be able to go back on my needed medications, so there is no savings there either. I, too, have lived modestly. I only buy clothes when I need them and I haven’t been to a beauty shop in over fifteen years.

You can imagine how the Bush administration’s tinkering with the senior citizen entitlements of Social Security and Medicare upsets an old woman like me. Social Security and Medicare shouldn’t be privatized by these robber barons. It’s really all we have.

My husband and I worked all our lives. Because he had a first family to support up until the death of this first wife, we put away what we could for our pensions, but relied very much on these entitlements, which we paid into, to enjoy a modest retirement. My parents benefited too. As a woman making sixty three cents to a man’s dollar back in the sixties and early seventies and since I was an only child, I would not have been able to support them without the help of these entitlements. It seems like a life of work that I am sure made a difference in other people’s lives today isn’t appreciated. Is it time to get rid of the old people because they have outlived their usefulness?

Now I fear that in the future we will be like Germany after WWI where runaway inflation made the German mark almost worthless. Germans found their life time savings could only buy a sack of potatoes in the end. I feel like this is what will happen to Americans. On top of it, not only is our Medicare and Social Security being diminished, they are costing more. Already purchasing Medicare, Part B has increased 40% as I just found out for myself. The prescription drug benefit doesn’t cover the cost of medications, which are pricier than ever, so even with the discount, there is more to be paid out of pocket than ever before.

I don’t understand what needs to be fixed? Mr. Bush with all his ill-gotten gains from oil, war and Saudi Arabia won’t have to worry about his retirement as an ex-President, unless enough Democratic leaders finally get the courage to have him tried for war crimes. The rest of us will have to rely on family or die in the streets, homeless and uncared for.

Since Social Security is regressive, the maximum contribution any American has to pay out of pocket for a year is 7.5% of the first $86,000 of their income, or $6,450 a year. Donald Trump and Bill Gates pay only $6,450 a year, so poor old people don’t have to die from lack of medical care, exposure and starvation and yet the Bush administration and GOP want to reduce benefits. This is criminal.

Please don’t let this happen. I swear, if I find that I must live the rest of my life in destitution, I will take it. I’m sure many other elderly will do the same and all legislators in Washington, who did this to us will have blood on their hands even more so than the blood from Bush’s war folly. I know you didn’t vote for that and I am grateful. However, I still think of the good that could have been accomplished in our country for children, the underprivileged and the environment with the budget surplus from Clinton and I weep.

Incidentally, Bill Thomas of the Means and Ways Committee is my Congressman. Please make sure he sees this letter. I haven’t written him personally because I heard from others that his staff only gives him mail from fellow Republicans. He needs to think very hard about this issue of privatizing and reducing social security in the future. We all know they are trying to destroy this program. Could your caucus try to influence him not to bring the “fixing Social Security” issue up ever?

Thanks for allowing me to pour my feelings out to you.


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ribrepin Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-05-05 03:30 PM
Response to Reply #10
11. Good letter
I plan to write my congress critters too. My husband and I are still working, but scared of what Bush has in mind for Social Security.

I am suggesting that they remove the cap on contributions to Social Security and put caps on the payout to people making over a certain amount. The rich don't need the government giving them extra income. Everybody would be guaranteed a certain amount.
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Learning2Fly Donating Member (42 posts) Send PM | Profile | Ignore Thu Jan-06-05 12:16 AM
Response to Reply #11
13. Awesome letter Cleita
and I've written to my rep also. Social Security at worst needs some minor tweaking. It isn't the first time and won't be the last and it is hardly in the state of crisis Bush is going to present to the public. Furthermore, why even let Bush touch this issue? His economic blunders to date hardly inspire confidence in any plan he might approve.
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Cleita Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-06-05 09:59 AM
Response to Reply #13
14. Thank to both of you.
I hope Senator Boxer can use my situation for some clout to stop BushCo in its tracks before they do any damage to the program.
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newyawker99 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-08-05 10:39 AM
Response to Reply #13
21. Hi Learning2Fly!!
Welcome to DU!! :toast:
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bigluckyfeet Donating Member (559 posts) Send PM | Profile | Ignore Fri Jan-07-05 05:28 PM
Response to Reply #11
19. I have a Cousin
who is married to an oil millionaire,they are Repukes,and you better believe she takes her SS check and uses Medicare.
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Cleita Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-06-05 06:35 PM
Response to Reply #10
15. She answered my letter today!
In spite of everything she went through today she found the time to answer my letter. She is a goddess!

Thank you for writing to me to express
your concerns about President Bush's plan to
partially privatize Social Security. I
appreciate hearing from you.

Like you, I believe that Social Security
is an important compact between American workers
and their government, and an indispensable
safety net for our senior citizens. Providing a
basic floor of protection, it is one of
America's most successful social programs. I
feel strongly that we should not weaken its role
in society or compromise its financial
condition. I am very concerned that President
Bush's privatization plan will inevitably mean
deep benefit cuts for Social Security
beneficiaries.

Now more than ever, as we are faced with
an aging population, the imminent retirement of
the baby boom generation, the costs of our war
on terrorism, and resources that have been
reduced dramatically by President Bush's
imprudent and oversized tax cut, we cannot
afford to divert needed funds away from an
already stressed Social Security system. This
is too much of a risk to take with funds that so
many workers are counting on for their
retirement.

It is imperative that we ensure both the
short-term and long-term health of the
critically important Social Security program.
But benefit cuts or reductions in the standard
of living for seniors are not the answer.
Please be assured that I am committed to
preserving Social Security for future
generations, and that I will continue to fight
for California seniors.

Again, thank you for writing, and please
do not hesitate to contact me again about this
or any other issue.





Sincerely,


Barbara Boxer
United States Senator


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ribrepin Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-06-05 09:35 PM
Response to Reply #15
16. I'm impressed that she answered your letter today
She was very busy. I already have a draft of the letter I intend to send to my congress people. I thought it would be better to wait until the issue comes to the floor, but don't really know when would be the best time to send the letter. I hoping there will be some sort of organized campaign.

I'm only focusing on this issue for now. I'm 54 and still working, but without Social Security my husband and I don't know how we would make it. I pushing for removing caps on contributions to Social Security. Why should high income people pay less percentage than us working stiffs?
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Cleita Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-06-05 10:05 PM
Response to Reply #16
17. You are impressed and I am,
because her website said it would take three weeks. I contribute to her when I can but it is a trickle. It will be less if any now that my husband is gone. She is a wonderful person. I hope she keeps herself safe. Now I'm worried. *bites nails*
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femme.democratique Donating Member (969 posts) Send PM | Profile | Ignore Fri Jan-07-05 02:46 AM
Response to Original message
18. Didn't the AARP endorse Bush?
I guess all those seniors who voted for the fascist chimp will be in for a sore surprise. Really sad that people in their twilight years have to deal with this shit.
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Ice4Clark Donating Member (466 posts) Send PM | Profile | Ignore Sat Jan-22-05 10:31 PM
Response to Original message
22. Pelosi, Senior House Democrats Urge End to White House
Using Social Security Administration as Propaganda Tool

Friday, January 21, 2005

House Democratic Leader Nancy Pelosi, Whip Steny Hoyer and other senior House Democrats today sent a letter to the Social Security Administration urging them to halt the Bush Administration's use of propaganda to push the President's plan to cut Social Security benefits.

"There is a pattern of propaganda by the Bush Administration that must be stopped," Pelosi said. "It has paid a conservative commentator to covertly promote No Child Left Behind, produced fake video news releases designed to look like real news reports, and is using Social Security Administration employees to undermine Social Security. We must probe the disturbing depths of these scandals to determine how such unethical decisions are being made. These underhanded tactics are not worthy of our great democracy. The President's commitment to freedom around the world should extend to the freedom of the American people to live without their tax dollars being used to run a government propaganda machine."

READ THE REST
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rodeodance Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-23-05 09:55 AM
Response to Reply #22
24. Go, Nancy Go
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