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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: JDN who wrote (671668)2/8/2005 1:29:01 PM
From: Kenneth E. Phillipps  Read Replies (2) | Respond to of 769667
 
Bush's SS plan should work out about as well as his promise to keep SS in a lock box.



To: JDN who wrote (671668)2/8/2005 1:57:43 PM
From: Kenneth E. Phillipps  Read Replies (2) | Respond to of 769667
 
Cuts in disability benefits seen in Social Security plan
By Leigh Strope
Source: Associated Press | Date: January 18, 2005

Disability benefits may not be safe from the across-the-board cuts that are likely in President Bush's proposal to allow personal investment accounts in the Social Security program.

Retirement and disability benefits are calculated using the same formula, so if future promised retirement benefits are cut, then disability benefits also would be reduced -- unless the program is somehow separated.

This raises big questions about how investment accounts would be structured for the disabled, especially if they are injured at a young age or are dependent on a parent. Disabled beneficiaries typically work less and need benefits sooner, so the accounts would not provide enough income to them.

"The Social Security programs are insurance programs, not investment programs, designed to reduce risk from certain life events," said Marty Ford of the Consortium for Citizens With Disabilities.

Currently, disabled workers move seamlessly through the Social Security system, often unaware they draw their benefits from the disability program until they reach retirement age and shift to the retirement program. That would change with investment accounts, advocates say, with people falling through holes in a new system.

About 16 percent of the 47 million people receiving Social Security benefits are disabled workers and their dependents. The impact of accounts on beneficiaries who aren't retirees has not been publicly discussed by the Bush administration.

Supporters of Bush's overhaul contend that the disability program should be treated separately.

"The proper way to deal with this is to essentially make it clear that these are two different programs and to separate the benefit formulas," said David John, Social Security senior analyst at the conservative Heritage Foundation.

"One is an insurance program and one is essentially a retirement program," John said. "They have vastly different characteristics, they have vastly different administrative structures."



To: JDN who wrote (671668)2/8/2005 3:05:53 PM
From: DuckTapeSunroof  Respond to of 769667
 
Message 21028943



To: JDN who wrote (671668)2/8/2005 11:04:32 PM
From: CYBERKEN  Respond to of 769667
 
The Truth Express continues, and the anti-American left WILTS under it...

drudgereport.com

Holding three jobs is INDEED uniquely American. We have a SUPERIOR CULTURE. Let me repeat for any left wing SCHMUCK who didn't hear that: America has a SUPERIOR CULTURE.

Sitting on your ASS collecting Social Security welfare checks is NOT American-and confirms those who do it as INFERIOR.

But they are cruisin' for a REAL bruisin', when the kids get their teeth into the US Congress. Those who brag about "I got mine!" will be talking about a thin blanket, a little hardtack, and some space near the wire...