Bush Hatred Targets Social Security
The Bush tactics of instilling fear in the American public and misrepresenting
facts is continuing in his blatant attempt to destroy America’s
retirement system. As has been clear for many years George W. Bush has
had his sites on America’s Social Security system. His wanton
greed, on behalf of his Corporate directors, makes him flush with anger
at the thought that poor and medium income people should have access
to the wealth they have helped build in this country. The Bush Social
Security plan to rip off a program designed to ensure the retirement
of America’s working people has to be among the lowest of his
As Bush, in his usual vague way, scrawls out a plan that will decrease
payments to existing Social Security recipients and drive America over
$2 trillion deeper into debt to set up a massive bureaucracy to handle
his torpedo aimed at Social Security, he misrepresents the facts and
attempts to instill fear in the American Public. If history is any indicator
George W. Bush has already selected the Wall Street corporations who
will be allowed to siphon off billions of retirement dollars in his
ever-expanding program to rip off the American worker and taxpayer.
The poorly thought out retirement plan, or crafty scam to give America’s
retirement money to large corporations, will decrease payments to all
seniors, even those who do not choose to invest in privatized accounts.
According to the Congressional Budget Office, "benefits for the
1980s birth cohort would be...30 percent lower...and benefits for the
2000s cohort would be...45 percent lower." [CBO, "Long-term
Analysis of Plan 2 of the President's Commission to Strengthen Social
Security," 7/21/2004, pp. 11 and Figure 2A]
The Bush fear-mongering lie that claims Social Security is in Crisis
is just that, a lie. Why do you think someone would lie about facts?
Because he and his Corporate are such experts, throughout the last election
they convinced the American public that lies were the truth and the
truth was lies.
The present Social Security system will be able to pay full benefits
until 2042 according to the Social Security trustees report (or until
2052 if accept the projections made by the Congressional Budget Office).
After that date the system will be able to pay between 75 and 80 of
originally projected benefits. This is a far cry from either bankruptcy
or crisis but unless Bush can instill enough fear in the American public
he will not be able to destroy the system that has served American retirees
Perhaps Bush should look at his support of shipping tens of thousands
of jobs to countries that exploit workers and the environment and how
that decreases payments into the Social Security system but as is the
thinking of the Corporate Plunderers that tell him what to do anything
is legitimate especially if the president removes corporate tax responsibilities
or allows this Un-American criminals to hide their wealth in offshore
Removing significant monies from the present But they have many other
concerns, too. The leading proposal calling for partial privatization
also calls for a change in how initial benefits are determined.
The White House admits that personal accounts won't make Social Security
solvent. The main goal of the personal-account approach is to lower
future retirees' benefits by altering the blueprint for determining
starting benefits. The monies taken out of the Social Security system
to fund these personal accounts would create a further deficit when
it comes to paying current retirees.
The Bush administration is already diverting Social Security funds
by forcing Social Security officials to become involved in Bush’s
attempt to scuttle Social Security. So this administration really takes
the cake as they are using your retirement funds to push the program
to phase out social security.