Jan. 18th, 2005 03:41 am
The Social Security Issue
Interesting Data:So, what's my take on this whole Social Security business?
Top ten highest concentrations of Social Security beneficiaries, by state ...
West Virginia 22.4%
Maine 20.1%
Arkansas 19.9%
Florida 19.6%
Pennsylvania 19.3%
Alabama 19.3%
Kentucky 18.7%
Iowa 18.5%
Mississippi 18.5%
Missouri 18.1%
Worst demographic for President Bush on Social Security, by age ...
In the new Washington Post/ABC poll, President Bush has a 38% approval rating on Social Security and a 55% disapproval. 7% have no opinion.
Which is his worst age bracket? 18-30 year olds. They give him 33% approval/60% disapproval.
Consider the pros and cons.
Social Security guarantees you to have money for retirement. It's controlled by the government and required of all US employees. Sure, it sucks that you're being forced to do something with your money, but you'll get it back when you're too old to work. Work now and collect later. If you want to save even more money, you can have portions of your paycheck direct deposited into a bank account.
President Bush's plan is to take away Social Security altogether and is trying to convince us that his bank account idea replaces it.
That's a load of bullshit. You can already put money into your bank account from a paycheck. He's not introducing something new.
He's taking away the one thing that guarantees your future should you become unable to work.
No poor person is going to keep an account of money for when they retire. They'll keep it and use it then. This is almost a guarantee.
You know what that means?
- increased personal spending under his term (boost economy aka capitalism aka corporations)
- people that are too poor to afford saving money now will have to work when they get old in order to pay the bills
- the rich get richer (and always remember -- when that happens, the poor get poorer)
- should someone ever become disabled, they're screwed.
Great idea.