There was an interesting hearing in regard to Social Security recently. It is at the title to this entry. I found the interest of Congressman Xavier Becerra a healthier response to the report of the Trustees.
Forty-seven minutes into the hearing there is the comment, "The Republicans want to kill Social Security..."
The Republicans are always inflammatory.
The Social Security Trustees agree. They are bipartisan. The bottom line is Social Security is solvent until 2033. There are 2.3 Trillion in the trust fund. The trust fund is held in USA Bonds.
The recommendations is for the Congress to act within five years to develop a strategy to continue the fund for current generations.
There was a loss of two years of solvency lost due to the events of 2008. The solvency was 2035, but, the trust
The ink wasn't dry on the re-election of George W. Bush when it announced he wanted to reform Social Security.
Forty-seven minutes into the hearing there is the comment, "The Republicans want to kill Social Security..."
The Republicans are always inflammatory.
The Social Security Trustees agree. They are bipartisan. The bottom line is Social Security is solvent until 2033. There are 2.3 Trillion in the trust fund. The trust fund is held in USA Bonds.
The recommendations is for the Congress to act within five years to develop a strategy to continue the fund for current generations.
There was a loss of two years of solvency lost due to the events of 2008. The solvency was 2035, but, the trust
The ink wasn't dry on the re-election of George W. Bush when it announced he wanted to reform Social Security.
How Bush's Plan Would Secure Social Security (click here)
Posted on November 28, 2004
Bush's plan for privatizing SSI was the most aggressive to date. He wanted to remove $2 Trillion immediately to the private sector to begin the investment porfolion and to allow up to four percent of taxable wages, up to a maximum of $1000, could be diverted from FICA and voluntarily placed by workers into private accounts for investment.
Does anyone stop to realize the devastation this country would be looking at if this was done in 2004 knowing 2008 followed?
Republicans are not trustworthy. There is concern for the Social Security program, it is not an emergency and it can be addressed.
For a very long time and before "W" the Republicans have wanted to privatize SSI. As a matter of fact Dick Armey was its strongest advocate.
The agenda of the Republcians never change.
