From MoveOn.org
Members of Congress will have meetings like this nationwide. MoveOn.org is organizing thousands of people to show up and talk about the need to protect Social Security from benefit cuts. If enough of us come, Bush's whole plan could die here.
I hope you'll come! Sign up at:
http://action.moveon.org/socialsecurity/selectmtg.html?zip=77381&distance=30 Some of my concerns are:
1. What will make Mr. Bush's plan different from the Thatcher experiment in the U.K.? (As much as 30% was charged for management of fees and charges, resulting in no modest earnings at all.) An interviewee on Thursday's BBC World Report said, "The promises of great returns amounted to nothing. We got about 80% of what we put in. We would have been better off putting our money under our mattress."
2. Can people my age opt out of privatization completely, as was recommended by many U.K. insurance companies to their customers in 2002?
3. What type of recourse does someone forced into privatization have against a poorly performing fund?
4. What type of funds will be offered? What are their historical earnings?
5. What are national economic options to the alleged "Social Security will be broke by 2042" spiel that Mr. Bush is touting? Why can't we keep Social Security as is and make plans for Social Security NOT going broke in 2042? How would government spending have to change to achieve that?
I thought you might have additional talking points (PLEASE LIST THEM HERE) or might have some rebuttal for your repuke congressperson's pat answers to the above or his/her anticipated "pro-Bush" presentation of the subject. I've listed some websites for further reading.
http://www.socsec.org/publications.asp?pubid=503 http://www.prospect.org/web/printfriendly-view.ww?id=8997 http://democrats.senate.gov/ss/calc.html# http://www.americanprogress.org/site/pp.asp?c=biJRJ8OVF&b=39258 http://www.cbo.gov/showdoc.cfm?index=5530&sequence=0:kick: :toast: