Re: Sosial Security

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: : You're going to hear a lot of claims about President Bush's blue : : print to privatizing Social Security. Here's the truth. : : Privatizing Social Security will not mean more money for you. : : Privatization will cut benefits by 30 percent even for workers : : who don't choose to have private accounts. That adds up to : : $152,000 lost by the average worker who lives 20 years beyond : : retirement. And if you do choose a private account, the : : government will take back 50 cents for every $1 in your : : account--on top of the 30 percent benefit cut. : : * Privatizing Social Security is not really voluntary. You'll : : get the benefit cuts even if you don't want a privatized Social : : Security account. : : * You won't be in charge of your privatized Social Security : : account. Politicians will hand-pick Wall Street firms to control : : the investment accounts--paving the way to corruption and : : Enron-ization of Social Security. : : * Retirees can't pass privatized Social Security account money : : on to your heirs. The accounts will be converted to annual : : payments. : : * We have time to strengthen Social Security the right way--not : : by slashing benefits. Social Security can pay full benefits : : until 2042 even with no changes at all. We should strengthen : : Social Security with commonsense approaches--like requiring : : Congress to pay back money it has borrowed from Social Security : : or rolling back the most egregious tax breaks for the very : : wealthy. : : You won't hear the word "privatization" coming from President : : Bush--because his pollsters and spin doctors know America's : : voters oppose privatizing Social Security. He'll call it : : "personalizing" Social Security. No matter what word spin he : : uses, the reality is this: Privatizing Social Security will cut : : benefits, add $2 trillion to the federal deficit in just the : : first 10 years, push seniors into poverty and replace guaranteed : : retirement income with "personalized" risk. : : : Please share these facts with people you know by forwarding this : : message to your friends, families and working people. : : Send an open letter stating this to the Leader Times and Valley News and any other paper you can, this explanation is not getting out to the people,,

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