Your guide to the in's and out's and future of the current System.
Social Security has been a promise and a fair deal for millions of Americans since it began in 1935. It is the largest source of retirement income for all but the wealthiest Americans.
But now, the most popular government program ever created is on the table for discussion and possibly big changes. President Bush is proposing a radical restructuring of the program that would eliminate it as a source of guaranteed income for retirees. More >>
Labor Activists: Social Security Fight Far From Over ...September 23, 2005
The Fight for Social Security Continues
Despite months of public appearances by President Bush promoting his signature domestic issue, people remain highly skeptical of the president’s plans to change Social Security.
President Hill on Social Security
A lifetime of hard work should not be rewarded with a gold watch and a ticket to the races. Social Security should be available to everyone, not just the lucky ones." - International President Ed Hill
Fewer Benefits. Privatizing Social Security would cut guaranteed benefits by 30 percent, even for workers who don’t choose private accounts. The average retiree would lose $152,000 in benefits in the 20 years after retirement. (The Century Foundation, Center on Budget and Policy Priorities, Center for Economic and Policy Research)
More debt. Privatizing Social Security would explode the deficit, saddling our children with $2 trillion in debt in the first 10 years alone, mainly borrowed from foreign countries like China and Japan. (Center on Budget and Policy Priorities)
We can strengthen Social Security with commonsense fixes, but working families will not accept a plan that makes our retirement less secure.
From AFL-CIO Work-in-Progress
American Taxpayer Price?
"Should any political party attempt to abolish social security, unemployment insurance, and eliminate labor laws and farm programs, you would not hear of that party again in our political history. There is a tiny splinter group, of course, that believes you can do these things. Among them are...Texas oil millionaires and an occasional politician or business man from other areas. Their number is negligible and they are stupid." -- Republican President Dwight D. Eisenhower, November 8, 1954.
|"The fact is that Social Security is the most secure part of our retirement system." - Rep. George Miller (D), senior Democrat on the House Education and the Workforce Committee. More >>
Quote Worth Remembering -