The Mudcat Café TM
Thread #75554   Message #1373651
Posted By: Bev and Jerry
07-Jan-05 - 01:35 AM
Thread Name: BS: 'Reforming' Social Security?
Subject: RE: BS: 'Reforming' Social Security?
Bush is coninuing to perpetuate the lie that having people put a portion of their social security tax into private accounts will "save" social security by reducing it's outflow when these folks retire. He claims that by allowing individuals to get "better returns" in the stock market, they can help provide for their own retirement.

If he wanted "better returns" he would have proposed that some of the money social security collects be invested in the market instead of U.S. Treasury bonds. Personal acounts are the first step towards eliminating social security entirely. This is his purpose even though he lies about it.

The only good news is that we have not heard one person agree with his plan.

Bev and Jerry