Monday, July 31, 2006

Social Security phase out to be Republican priority in January

The stakes in the November elections just got clearer. Rep. John Boehner, Republican Majority Leader, says:
"Q: Where does Social Security reform stand?

A: ...If I’m around in a leadership role come January, we’re going to get serious about this."
That means that every vote for a Republican Congressperson on November 8, 2006 is a vote to eliminate fixed, government-guaranteed retirement benefits and disability benefits for workers, as well as survivor benefits for the young families of deceased workers.

There is no adequate substitute for fixed, government-guaranteed benefits like Social Security. Private pensions have failed except as unreliable supplements in every country in which they have been tried. No one has profited except the bankers who manage the money, and theft of the money has been a major problem in both Chile and Great Britain.


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