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the following is from www.OliverWillis.com
Social Security Site Refutes Bush Privatization Submitted by Oliver Willis on Wed, 03/30/2005 - 2:32am. Categories: Social Security
From SocialSecurity.gov the US government's official social security information page.
Q: I think I could do better if you let me invest the Social Security I pay into an Individual Retirement Plan (IRA) or some other investment plan. What do you think?
A: Maybe you could, but then again, maybe your investments wouldn't work out. Remember these facts:
-Your Social Security taxes pay for potential disability and survivors benefits as well as for retirement benefits;
-Social Security incorporates social goals - such as giving more protection to families and to low income workers - that are not part of private pension plans; and
-Social Security benefits are adjusted yearly for increases in the cost-of-living - a feature not present in many private plans.
The official social security site has just debunked the Bush privatization plan.
Too. Funny.
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