A Nation Headed For Disaster
...of the Union message was to launch an all-out campaign to reshape Social Security. Urging congress to set the retirement program on a course of financial health while offering younger workers a chance at better returns through stock market investments. Bush promised current retirees and workers 55 and older that his plan would have no effect on their benefits. To younger workers his pitch for creating private, voluntary accounts was blunt. Saying to them, “Your money will grow, over time, at a greater rate than anything the current system can deliver, and your account will provide money for retirement over and above the check you will receive from Social Security.” Sounds good, but what about those workers who make only enough money just to get by, those that can’t afford to invest in the stock market? Democrats say it would be irresponsible to radically alter Social Security when the projected shortfall, about 25 percent of expected benefits, lies so many years down the road. Bush rejected that reasoning. Warning that the system is headed for bankruptcy, he said, “If steps are taken…the only solutions would be drastically higher taxes, massive new borrowing or sever Social Security benefits cuts or other government programs.” He flatly ruled out on an increase in payroll taxes Being a concern citizen, I have many questions and I’m sure that there are many other American citizens that want answers also. Like those families missing their love ones that were called away to war. Barely able to provide for their children without the help of the husband that has to be in Iraq at war with, “the enemy”, as the President says. President Bush has rejected a timetable for troop withdrawal or any hint of an exit strategy that many Democrats have been urging in recent days, arguing that it would merely hearten terrorist groups and make ...