Excerpt:
http://ssa.gov/pubs/10024.html
Excerpt:
The money you pay in taxes is not held in a personal account for you to use when you get benefits. Your taxes are being used right now to pay people who now are getting benefits. Any unused money goes to the Social Security trust funds, not a personal account with your name on it.
http://www.sourcewatch.org/index.php?title=Social_Security_Trust_Funds
Excerpt:
"If Social Security has any problems in its current form, they won't become apparent for decades, and if they do, they could easily be dealt with. Conceding anything on this point only strengthens the hands of the privatizers, who are using fear of bankruptcy to promote an ugly and dangerous agenda." --Doug Henwood, Left Business Observer, March 2005. [1]
"Of course Bush lied or flip-flopped, or whatever you want to call it. He began raiding the trust fund and the surpluses in his first months in office, and hasn't stopped since. According to the Historical Budget Data put out by the Congressional Office of Management and Budget in early 2004, to cover the cost of his tax cuts, Bush will have to spend the entire projected Social Security surplus of $2.4 trillion from 2005 through 2014. The lockbox will be completely looted, just as an avalanche of baby boomers are set to retire. While the Trust Fund is looted, and the baby boomers' retirement looms in the distance, the national budget shows little capacity to make up the difference, or reinforce the effort. This of course, was part of the plan.
http://geography.about.com/od/populationgeography/a/lifeexpectancy.htm
Excerpt:
Women almost always have higher life expectancies than men. Currently, the worldwide life expectancy for all people is 64.3 years but for males it's 62.7 years and for females life expectancy is 66 years, a difference of more than three years. The sex difference ranges from four to six years in North America and Europe to more than 13 years between men and women in Russia.
http://www.larouchepub.com/other/2004/site_packages/ss_privatization/3150fdrs_soc_sec.html
Excerpt:
Above all, we must defeat the Bush assault on those principles through his privatization scheme. FDR had warned that some people might try to "monkey" with these funds. For that reason he demanded that they must remain under the full control of the Federal government."
http://www.sourcewatch.org/index.php?title=Social_Security_Trust_Funds
Excerpt:
"If Social Security has any problems in its current form, they won't become apparent for decades, and if they do, they could easily be dealt with. Conceding anything on this point only strengthens the hands of the privatizers, who are using fear of bankruptcy to promote an ugly and dangerous agenda." --Doug Henwood, Left Business Observer, March 2005. [1]
Contents[hide] |
Raiding the Trust Funds
"Anticipating the strains that would be put on Social Security, lawmakers raised the payroll tax in the 1980's (a disproportionate amount of which is paid by the lower and middle classes) and created a Trust Fund into which surpluses would be placed and saved in order to keep the system solvent during the lean years of the baby boomer retirements. In order to sink Social Security, conservatives would need to plunder the surplus and break the bank of the trust fund. ..."Of course Bush lied or flip-flopped, or whatever you want to call it. He began raiding the trust fund and the surpluses in his first months in office, and hasn't stopped since. According to the Historical Budget Data put out by the Congressional Office of Management and Budget in early 2004, to cover the cost of his tax cuts, Bush will have to spend the entire projected Social Security surplus of $2.4 trillion from 2005 through 2014. The lockbox will be completely looted, just as an avalanche of baby boomers are set to retire. While the Trust Fund is looted, and the baby boomers' retirement looms in the distance, the national budget shows little capacity to make up the difference, or reinforce the effort. This of course, was part of the plan.
http://geography.about.com/od/populationgeography/a/lifeexpectancy.htm
Excerpt:
Women almost always have higher life expectancies than men. Currently, the worldwide life expectancy for all people is 64.3 years but for males it's 62.7 years and for females life expectancy is 66 years, a difference of more than three years. The sex difference ranges from four to six years in North America and Europe to more than 13 years between men and women in Russia.
http://www.larouchepub.com/other/2004/site_packages/ss_privatization/3150fdrs_soc_sec.html
Excerpt:
Above all, we must defeat the Bush assault on those principles through his privatization scheme. FDR had warned that some people might try to "monkey" with these funds. For that reason he demanded that they must remain under the full control of the Federal government."
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