Monday, November 29, 2004

Social Security

The American Progress Action fund has information about Social Security and its prospects under that status quo and if "privatized" by the Bush Administration.

Did you know:

With no changes to the system, all benefits can be payed at least through 2052?

Our current National Debt of $7.5 trillion would be increased by at least $2 trillion over ten years if privatization were enacted?

George Bush's tax cuts for the top 1% over the next 75 years would more than pay for the cost of fixing, by offsetting future shortfalls, the present system?

Only .6 cents of every dollar paid out in benefits through Social Security goes to administrative costs. In contrast, England, which has privatized social security, pays out 15 cents in administrative costs for every dollar in benefits. That's 2500% higher.
Weblog Commenting and Trackback by