Social Security-Why Gamble Away The Guarantees?

Get the facts and fight back to save Social Security!

Working families and middle class know all too well the devastating impact of the president’s misguided policies.  Since Bush took office, more children are without health insurance, it’s easier for corporations to pollute our air, water and land, and thousandsn jobs that have been exported overseas.  Now President Bush is trying to dismantle one of the most sacred and successful programs in American history.  The president should be working to make working people’s financial future more secure but instead he’s attempting to do exactly the opposite.

Private Accounts Destroy Social Security’s Guarantees By privatizing Social Security, our payroll taxes would be placed in private investment accounts rather than the guaranteed system currently in place:

ü We will have to depend on the whims of the market for our now guaranteed benefits

ü Changeover costs are estimated in the trillions

ü Wall Street benefits again – money managers have to be well paid for handling these new accounts.

Changing the Benefit Formula = Drastic Benefit Cuts

What Would it Take to Secure Social Security Far, Far Into the Future?

Considering that even the most conservative estimates show that Social Security will be financially secure for at least another 40 years, there is no “crisis”. In fact, to go even further and cover the shortfall into the 22nd century, it would take less than a quarter of the money lost from the recent tax cuts – or the amount that went to the richest Americans earning over $500,000.

There are many ways to shore up Social Security responsibly.

President Bush’s proposals don’t make the cut.

For more information on Social Security visit: http://www.pacesteelalliance.org