Bush Privatization Plan Would Hurt Farmers' Retirement
From the Associated Press:
President Bush's proposal to allow taxpayers to invest part of their Social Security taxes would have an amplified, negative effect on farm families who depend on the government program in retirement, Rep. Bob Etheridge, D-N.C., said Saturday.
"Farm families have tight budgets, and most don't have access to employer retirement accounts such as 401(k) plans. In fact, three out of four farmers fund their own retirement. They depend on Social Security when the crop yield is low or the weather is bad," Etheridge, a member of the House Agriculture Committee and a part-time farmer, said in the Democratic Party's weekly radio address.
Etheridge, who co-chairs the Democratic House Rural Working Group with Rep. Stephanie Herseth, D-S.D., spoke as public polls show tepid support for Bush's call to allow younger workers to create voluntary personal accounts funded out of their Social Security payroll taxes.
Read the whole article ...
Comments (4) «
INTERESTING INFO RE: SOCIAL SECURITY
WHY WAIT UNTIL 2008? THERE IS AN ELECTION IN 2006. I HEREWITH FIRMLY STATE THAT I WILL NOT VOTE FOR ANY POLITICIAN, REGARDLESS OF THE OTHER ISSUES, IF HE DOES NOT SPONSOR AND SUPPORT THIS LEGISLATION. THAT INCLUDES EVERYONE STANDING FOR ELECTION IN 2006.
LET US SHOW OUR LEADERS IN WASHINGTON "PEOPLE POWER"AND THE POWER OF THE INTERNET. LET ME KNOW IF YOU ARE WITH ME ON THIS BY REPLYING AND FORWARDING TO EVERYONE IN YOUR ADDRESS BOOK.
IT DOESN'T MATTER IF YOU ARE REPUBLICAN OR DEMOCRAT!
KEEP IT GOING!!!!
2008 Election Issue!!
GET A BILL STARTED TO PLACE ALL POLITICIANS ON SOC. SEC.
This must be an issue in "2008" Please! Keep it going.
SOCIAL SECURITY:
(This is worth reading. It is short and to the point.)
Perhaps we are asking the wrong questions during election years.
Our Senators and Congresswomen do not pay into Social Security and, of course, they do not collect from it.
You see, Social Security benefits were not suitable for persons of their rare elevation in society.They felt they should have aspecial plan for themselves. So, many years ago they voted in theirown benefit plan.
In more recent years, no congressperson has felt the need to change it. After all, it is a great plan.
For all practical purposes their plan works like this:
When they retire, they continue to draw the same pay until they die.
Except it may increase from time to time for cost of living adjustments..
For example, Senator Byrd and Congressman White and their wives may expect to draw $7,800,000.00 (that's Seven Million, Eight-Hundred Thousand Dollars), with their wives drawing $275,000.00 during the last years of their lives.
T his is calculated on an average life span for each of those two Dignitaries.
Younger Dignitaries who retire at an early age, will receive much more during the rest of their lives.
Their cost for this excellent plan is $0.00. NADA....ZILCH....
This little perk they voted for themselves is free to them. You and I pick up the tab for this plan. The funds for this fine retirement plan come directly from the General Funds;
"OUR TAX DOLLARS AT WORK"! From our own Social Security Plan, which you and I pay (or have paid) into,-every payday until we retire (which amount is matched by our employer)-we can expect to get an average of $1,000 per monthafter retirement. Or, in other words, we would have to collect our average of $1,000 monthly benefits for 68 years and one (1) month to equal Senator! Bill Bradley's benefits!
Social Security could be very good if only one small change were made.
That change would be to:
Jerk the Golden Fleece Retirement Plan from under the Senators and Congressmen. Put them into the Social Security plan with the rest of us
then sit back.....
and see how fast they would fix it.
If enough people receive this, maybe a seed of awareness will be planted and maybe good changes will evolve.
How many people CAN you send this to?
Better yet..... How many people WILL you send this to ?
INTERESTING INFO RE: SOCIAL SECURITY
INTERESTING INFO RE: SOCIAL SECURITY
WHY WAIT UNTIL 2008? THERE IS AN ELECTION IN 2006. I HEREWITH FIRMLY STATE THAT I WILL NOT VOTE FOR ANY POLITICIAN, REGARDLESS OF THE OTHER ISSUES, IF HE DOES NOT SPONSOR AND SUPPORT THIS LEGISLATION. THAT INCLUDES EVERYONE STANDING FOR ELECTION IN 2006.
LET US SHOW OUR LEADERS IN WASHINGTON "PEOPLE POWER"AND THE POWER OF THE INTERNET. LET ME KNOW IF YOU ARE WITH ME ON THIS BY REPLYING AND FORWARDING TO EVERYONE IN YOUR ADDRESS BOOK.
IT DOESN'T MATTER IF YOU ARE REPUBLICAN OR DEMOCRAT!
KEEP IT GOING!!!!
2008 Election Issue!!
GET A BILL STARTED TO PLACE ALL POLITICIANS ON SOC. SEC.
This must be an issue in "2008" Please! Keep it going.
SOCIAL SECURITY:
(This is worth reading. It is short and to the point.)
Perhaps we are asking the wrong questions during election years.
Our Senators and Congresswomen do not pay into Social Security and, of course, they do not collect from it.
You see, Social Security benefits were not suitable for persons of their rare elevation in society.They felt they should have aspecial plan for themselves. So, many years ago they voted in theirown benefit plan.
In more recent years, no congressperson has felt the need to change it. After all, it is a great plan.
For all practical purposes their plan works like this:
When they retire, they continue to draw the same pay until they die.
Except it may increase from time to time for cost of living adjustments..
For example, Senator Byrd and Congressman White and their wives may expect to draw $7,800,000.00 (that's Seven Million, Eight-Hundred Thousand Dollars), with their wives drawing $275,000.00 during the last years of their lives.
T his is calculated on an average life span for each of those two Dignitaries.
Younger Dignitaries who retire at an early age, will receive much more during the rest of their lives.
Their cost for this excellent plan is $0.00. NADA....ZILCH....
This little perk they voted for themselves is free to them. You and I pick up the tab for this plan. The funds for this fine retirement plan come directly from the General Funds;
"OUR TAX DOLLARS AT WORK"! From our own Social Security Plan, which you and I pay (or have paid) into,-every payday until we retire (which amount is matched by our employer)-we can expect to get an average of $1,000 per monthafter retirement. Or, in other words, we would have to collect our average of $1,000 monthly benefits for 68 years and one (1) month to equal Senator! Bill Bradley's benefits!
Social Security could be very good if only one small change were made.
That change would be to:
Jerk the Golden Fleece Retirement Plan from under the Senators and Congressmen. Put them into the Social Security plan with the rest of us
then sit back.....
and see how fast they would fix it.
If enough people receive this, maybe a seed of awareness will be planted and maybe good changes will evolve.
How many people CAN you send this to?
Better yet..... How many people WILL you send this to ?
INTERESTING INFO RE: SOCIAL SECURITY
Read some history please. US Representatives and Senators have been required to pay Social Security since 1984.
If you want chapter and verse on the Urban Legend you've bought, check the Snopes.com review.
Cheers,
Gregory
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