RIGHTING AMERICA - Illuminating works of the Praiseworthy and Uncelebrated ~ while exposing those Miscreants, whether Treacherous or Unwitting, that are plaguing our otherwise Brave Nation...
_______________________________"It is fatal to enter any war without the will to win it." ~ General Douglas MacArthur ___________________________________________________________________"As long as I'm the President, we will stay, we will fight and we will win the war on terror." ~ President George W. Bush ___________________________________________________________________"The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy." ~ Martin Luther King Jr. ___________________________________________________________________"Only two things are infinite, the universe and human stupidity, and I'm not sure about the former." ~ Albert Einstein ___________________________________________________________________"He that would live in peace and at ease, must not speak all he knows nor judge all he sees." ~ Benjamin Franklin ___________________________________________________________________"To see what is right, and not to do it, is want of courage or of principle." ~ Confucius ___________________________________________________________________"We will confront emerging threats before they fully materialize. And if you harbor a terrorist, you're just as guilty as the terrorist." ~ President George W. Bush ___________________________________________________________________"We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle." ~ Winston Churchill ___________________________________________________________________"And so, my fellow Americans: Ask not what your country can do for you - ask what you can do for your country. My fellow citizens of the world: Ask not what America will do for you, but what together we can do for the freedom of man." ~ John F. Kennedy ___________________________________________________________________"We have room for but one flag, the American flag ...We have room for but one language here and that is the English language ...and we have room for but one sole loyalty, and that is a loyalty to the American people." ~ Theodore Roosevelt ___________________________________________________________________"Righting America - One Reader at a Time." ~ Timmer

Sunday, February 27, 2005

Social Security Reform - The Big Brawl

See this and other great gear designs - Patriotic Shirts 'n' Stuff

I have resisted writing about this subject as I still feel that there is much left to learn about President Bush's plan for privatization, and volumes of details to iron out vis-a-vis Social Security reform. The broad nature of the plan and the remarkable number-doctoring spin being applied (by both sides) leave most of us mere mortals scratching our heads in frustration and dismay. Even more perplexing is the disingenuous outcry from some that Social Security is NOT headed for a crisis - despite statements to that affect by their hero, Bill Clinton.

((Upate: See the latest from FactCheck.org, entitled False Attacks Over "Windfalls" to Wall Street ))

Now that President Bush has returned from his arguably fruitful and symbolic kiss-and-make-up-with-the-allies trip abroad, he has turned his attention once again to this, his primary domestic initiative (and as with all other Bush efforts, uphill battle).

According to an article today from Associated Press:

"If left unchanged, beginning as early as 2018, Social Security is set to pay out more in benefits than it collects in taxes. And by 2042, the money stored from past surpluses will be exhausted and Social Security will only be able to pay 73 percent of promised benefits from the revenues it will be taking in, according to the retirement program's trustees."

"Bush has said all options are on the table for strengthening Social Security, except for hiking the payroll tax rate. He has firmly opposed raising the 12.4 percent tax rate on wages up to $90,000. But he and his advisers have been vague about whether he would go along with increasing the total amount of earnings subjected to that taxation."

LIBERAL SPIN: What many liberals seem to be forgetting (or leaving out in their arguments) is that this is NOT a completed program plan, as President Bush has repeatedly asked that both sides assist in hammering out the details. As mentioned above, it is only the tax rate that he is unwilling to negotiate. Unbeknownst (apparently) to most AARP members is Bush's promise NOT to change the current program for those now over 50. Bush is also faulted for his (some forget the word "optional" here) privatization plan for a portion of an individual's fund - this coupled with wild accusations of Wall Street intrigue and high-risk "gambling" with the security of our youth, while what is being proposed is not investment commodities, but in far less risky and broadly diversified stock and bond mutual funds.

In an article from February 2, FactCheck.org made the following contention:

"What MoveOn.org calls "Bush's planned Social Security benefit cuts" is actually a plan that would hold starting Social Security benefits steady in purchasing power, rather than allowing them to nearly double over the next 75 years as they are projected to do under the current benefit formula."

Of course, the 20,000 dollar question is this: How are we going to pay for it? That, my friends, is a matter for both sides to decide together once they stop spinning.

|

<< Home


Weekly Spotlight

Click here to see the Latest Weekly Dumbass!

International "Guest-o-meter"

Click the Visitor Map!

Previous Posts

My Links

News and Information Sites

Fellow Military/Vet Blogs

"Right Side" Blog Roll

"Other Side" Blog Roll

 

Blogging Memberships

The following are blogging organizations that I have joined. These blogrolls contain some VERY interesting and exceptional sites - definitely worth a gander!

Pro-Victory Members

Blogs for Condi

CONDI in da HOUSE!


Timmer's Design of the Month

Check out this and other Patriotic/Conservative designs on quality merchandise!
Now on Black T-Shirts too!

Latest Reader Comments


Profile

My Photo
Name:
Location: Maryland, United States

Retired Navy and Cold War/Gulf War Veteran. Senior Analyst for a large defense contractor, Bachelor of Science, Father, moonlighting Graphic Designer (T-shirts etc) and Blogger.


Righting America Subscriptions

Enter your email address below to subscribe to Righting America!


powered by Bloglet

Righting America >>>


Forward this page to a FRIEND!


Sites Linking HERE!


Some Ads and Links


Check Out The REAL ACLU Gear!
"The REAL ACLU" Gear


Check out what our EXCELLENT TROOPS at CENTCOM are doing!
Visit the U.S. Central Command!


Check out these AWESOME AUSSIES!
Visit the Gunners Australia!



Glenn Reynolds Says



Proud Member of the Alliance

The Alliance
VISITORS SINCE JOINING THE ALLIANCE!


Love It or Get the Hell Out Gear
"Love It or
GET THE HELL OUT" Gear


Blog Directory
Blogwise - blog directory


Patriotic Shirts 'n' Stuff
"Liberal Crybabies" Gear



Prev | List | Random | Next Powered by RingSurf!

Powered by Blogger


Check Out BLOGAZOO!


Last Comments Add-On by LastHalo


Get your STUCK on STUPID gear RIGHT HERE!
"Dumb-o-crat S.O.S. Gear"


Blogarama - The Blog Directory

"American Flag" Blog Roll

 

Blogging Man 2007

 

Anti-PC League

Anti-PC League

 

Latest "Homespun" Blog Roll

HOMESPUN BLOGGERS
 

Archives

Master Visitor Count

Free Website Counter
Online Schools