Instead, candidates have successfully deployed a dodge-and-deflect strategy built on Orwellian language in which they say they’ll “preserve” these programs when they actually mean privatize, “strengthen” when they mean slash, or “give you choices” when they mean you’re on your own.
See more posts like this on Tumblr
#politics #social security #privatization #wall-street #seniors #p2 #retirement #retirement crisis #retireesWhen we hear “reforms” and “cuts” in Social Security, proponents actually mean using the money for tax breaks for the rich and commissions to Wall Street brokers for partial privatization. At the upcoming debate and beyond, listen carefully, because those are giveaways that neither seniors nor the nation must endure.
Senator Ted Cruz, as your President, would privatize Social Security. In other words, privatization would take money out of Social Security and have workers invest instead in Wall Street.
But, in what may be an example of political prescience — or, at the very least, reason for political relief — given Monday’s stock market swoon, they’ve been mysteriously silent about one issue that many conservatives support: privatization.
via Bloomberg.
The privatization alternative would result in investment fees being paid each year by millions of individuals; is there any doubt why Wall Street is universally in favor of privatization?
Michael Hiltzik via You really want to privatize Social Security in THIS market?
The enduring mystery about President George W. Bush’s old plan to privatize Social Security by moving contributions into individual savings accounts is how it survived two market crashes and decades of underperformance by workers’ 401(k) accounts.
via Los Angeles Times.
Max Ritchman, President and CEO of the National Committee to Preserve Social Security and Medicare: “America’s seniors understand all too well that our nation faces a retirement crisis and improving Social Security benefits is vital to keeping millions from poverty. Rep. Linda Sanchez’s ‘Strengthening Social Security Act’ makes several important improvements for seniors by: phasing out the payroll tax cap so that the wealthy pay their fair share, creating a Cost of Living adjustment for the elderly and boosting benefits for all retirees including widows/widowers. NCPSSM strongly supports this legislation and applauds Congresswoman Sanchez for doing the right thing for America’s seniors and their families.”
![Earlier this week, Members of Congress and allies met to discuss Social Security and the GOP Congress’ manufactured crisis.
““Seniors, I stand with you all the way [on Social Security].”
- Rep. Jan Schakowsky
“We are in a crisis right now. A...](https://64.media.tumblr.com/93d9258801da499ce7712598d0be22b4/tumblr_njo11hjqsI1qd3gmvo1_1280.jpg)
Earlier this week, Members of Congress and allies met to discuss Social Security and the GOP Congress’ manufactured crisis.
“Seniors, I stand with you all the way [on Social Security].”
- Rep. Jan Schakowsky“We are in a crisis right now. A retirement crisis. Not a Social Security crisis.” - Rep. Jan Schakowsky
“Stop manufacturing a crisis with the Social Security disability trust fund.”
- Senator Bernie Sanders“This week anyone earning a million dollars a year will have paid 100% of their payroll taxes for 2015.”
- Max Richtman
I’m not announcing what the agenda would be in advance.
About this time 10 years ago, it was becoming clear that President George Bush’s plan to forever change Social Security by turning the program over to Wall Street was on the ropes. Even though his Social Security privatization road tour still had two more months of scheduled stops, the more the president talked about his plan, the less people liked it.
via Huffington Post.
Just as we’ve seen from climate change deniers, many Republican politicians won’t even acknowledge the retirement crisis exists because improving the nation’s most successful federal retirement programs is anathema to their misguided belief that Wall Street should be handling your savings and for-profit insurance companies managing your health.
