The Social Security Scam of bush: In a nutshell...

[rasputin1952]

get out your calculators...:)

Say you made $30,000 last year, and paid 7.5%, or about $2500 into SS and Medicaid for one year. If, (and I hope this doesn't happen), you passed away and were married, or had children they would get survivor benefits which could exceed $1500 a month, or approx $18,000 a year to help your family. $18,000-$2500=$15,500 net gain. HOLY CRAP...
quite the 'investment'!

If you don't die, and retire, that $2500(+/-) still gives you one hell of a return on your investment. Let's say you get $800 a month, still equals $9600 a year for your yearly 'investment' of $2500. These numbers are general in scope, and everyone will be slightly different, but you should get the picture.

All of the SS changes are designed to get corporate $ back to corp's!

Let's say you "saved" 2% and only paid 5.5% into SS, your yearly "savings" is approx: $950 which you can now 'invest'; that is about $80 a month under the bush plan. That $950, is for the YEAR! But if you take a corp that 'saves' 2% and multiply that $950, x the # of employees, the savings can be astronomical. You get $950, the corp gets $950,000 if they have 1000 employees...and you lose out on the $950+, in the future when you collect! If you invest your $950 a year in the market...you better figure on one hell of a stock to make up for what you lost in SS benefits.

Now...what if the Market tanks...which it will do, because it is cyclical, it cannot go up and never come down. Now, you've lost a fistful of $, and have virtually no SS to count on. Let's not forget that this scam will cost well over $1 Trillion dollars to implement, and a decrease in funding. We, as Americans, will not let our fellow citizens go to hell like that, and will bail them out. So we pay anyway, and now, more than before! Not only that...but the long dead minions of the administration, don't pay anything, because our CHILDREN are paying for it. Now THERE is a legacy to be proud of.

IF, and that is a HUGE if, Congress can keep its hands out of the till, and quit covering debt w/SS funds, the SS and Medicare systems would build up very quickly, and be out of the hole.

So Smoke and Mirrors are bush's cries for reform...He's paying for part of his tax cuts w/OUR hard earned cash...the same cash he said belonged to US! Don't let this man forget that. He is messing with the money he said was YOURS, that which you are putting into the system. It is OUR money that is being pulled out of the SS Fund to ensure that the tax cuts are upheld. You get nothing!

One last thing; the people who are pushing this are the exceptionally rich. They do not NEED SS, but how many of you ever heard of a wealthy individual returning their check?

This will impact those of us who have toiled our entire lives to make this country great, while wealthy individuals, that would keel over in a heartbeat if they ever really had to work, will take millions more in investments made in their names, with money you count on in the future. They are gaining by the sweat of honest American workers, they are thieves. Do you think you have a pension plan? That is being 'invested' as I write this. Guaranteed pensions are being looted by corporations, and the money WILL NOT be replaced. How soon we forget the Savings and Loan fiasco; we cannot allow this to happen again.

Get up and write your Congress Critters! DO NOT expect others to do it. This is part of your future...fight for it. Post here all you want....BUT GET OUT AND DO SOMETHING FIRST!!!!!


Lay THAT on the Reformation Squad!!!!!!!