“This morning, we learn The White House wants to not only privatize Social Security but also cut retirees benefits. Privatization takes money from retirees on Main Street and gives it to the Enron’s of Wall Street. Will Wall Street care about what happens to precious Social Security funds when more than half of the private pension funds in the US are already insolvent? “And cut benefits? The American people cannot afford a cut in benefits. No one is cutting the cost of food, rent, (…)
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Kucinich: There is no Social Security ’Crisis’
17 January 2005 par (Open-Publishing)
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Social Security not broke- yet: Bush’s Plan will cost $2 Trillion while reducing benefits
8 January 2005 par (Open-Publishing)
4 commentsSenator Johnson says Bush’s Social Security plan is a crap shoot
1/6/2005 4:39:17 PM
Cindy Davis
The outline of the President’s plan to reform Social Security is already causing a South Dakota senator some concern.
Democratic Senator Tim Johnson says he sees several problems with changing the formula for Social Security benefits.
He says the President’s outline includes borrowing from foreign nations to make up for a $2 trillion dollar deficit.
He also claims it would lower (…)