 |
 |
February 01st, 2006Congressional Democrats Applaud Bankrupt Status Quo
February 01st 11:15:04 AM
Many of you probably noticed that when Bush said, "Congress did not act last year on my proposal to save Social Security," Democrats applauded. Of course Bush's next line, "yet the rising cost of entitlements is a problem that is not going away," quickly quieted those Democrats.
RNC Chairman Ed Gillespie found the applause surprising. He said, "To see Democrats in Congress stand up and applaud the fact that our Social Security system is going bankrupt was remarkable to me."
Posted by Chris Schrimpf| Comments (1)
ABC News: Bush Renews His Push for Social Security
February 01st 10:45:54 AM
That was ABC's headline following the State of the Union. They wrote:
"Frustrated by Congress' refusal to consider his Social Security overhaul, Bush switched gears and asked lawmakers to join him in naming a commission to examine the impact of Baby Boom retirements on Social Security, Medicare and Medicaid costs."
Posted by Chris Schrimpf| Comments (0)
Fred Barnes: Bush Still Yearns to Modernize Social Security
February 01st 10:16:30 AM
Writing in the Wall Street Journal:
Mr. Bush still yearns to modernize Social Security and create private investment accounts funded by payroll taxes. When informed last year that congressional Republicans wouldn't "scout" the political terrain ahead of him, he went ahead with his campaign for reform--alone. Now, an aide insists, "If the president sees a political opportunity [for Social Security reform], he'll seize it in an instant." He brought it up again in a private White House meeting last week. His comments were paraphrased by an adviser: "Look, I tried it. I put a lot of muscle into it. But it failed. But I'm going to keep talking about. In good conscience, I have to."
Posted by Chris Schrimpf| Comments (0)
Bush: We Need Entitlement Reform
February 01st 09:47:34 AM
We must also confront the larger challenge of mandatory spending, or entitlements. This year, the first of about 78 million baby boomers turn 60, including two of my Dad's favorite people -- me and President Clinton. This milestone is more than a personal crisis - it is a national challenge. The retirement of the baby boom generation will put unprecedented strains on the federal government. By 2030, spending for Social Security, Medicare and Medicaid alone will be almost 60 percent of the entire federal budget. And that will present future Congresses with impossible choices -- staggering tax increases, immense deficits, or deep cuts in every category of spending. Congress did not act last year on my proposal to save Social Security -- yet the rising cost of entitlements is a problem that is not going away. And every year we fail to act, the situation gets worse.
So tonight, I ask you to join me in creating a commission to examine the full impact of baby boom retirements on Social Security, Medicare, and Medicaid. This commission should include members of Congress of both parties, and offer bipartisan solutions. We need to put aside partisan politics and work together and get this problem solved.
Posted by Chris Schrimpf| Comments (0)
January 31st, 2006Personal Social Security accounts to again be part of Bush's budget
January 31st 12:09:10 PM
WASHINGTON (AP) President Bush will renew his call for personal accounts
within Social Security and ask Congress to renew tax cuts and curb the
growth in benefit programs like Medicare and Medicaid in his 2007 budget
request next week, according to administration officials.
Read More »
Posted by Chris Schrimpf| Comments (1)
January 30th, 2006Students Question Social Security
January 30th 10:24:23 AM
Check out the article in the Columbia College Chronicle.
"There is a question floating around among officials in Washington, D.C., about whether Social Security will be present by the time college students are old enough to collect. Most Democrats are optimistic. Republicans, on the other hand, are not.
Social Security, which supports people 65 and older, is pay-as-you-go, meaning each generation currently paying in is supporting the retirement generation of today."
Posted by Chris Schrimpf| Comments (0)
January 27th, 2006Let Us Invest Part Of Social Security
January 27th 10:52:49 AM
... so says retired engineer, Gerald McGovern in the Baton Rouge Advocate.
Associated Press writer Justin Pope in his article, “College endowments grow,” points out how investing in the market economy has successfully maintained a cash flow for the major universities. These are fairly bright people; I wonder why they invested the funds in the market instead of using them to buy yachts for friends. They could have replaced the funds with worthless IOUs.
Read the whole letter
Posted by Chris Schrimpf| Comments (2)
January 26th, 2006The Issue of Our Time
January 26th 03:01:06 PM
S4's new Minnesota chairman Brad Short recently wrote on why Social Security is THE issue for our generation... Check out his article!
Posted by Chris Schrimpf| Comments (3)
January 25th, 2006Student Reaction To President Bush's Speech
January 25th 06:07:47 PM
Some Reactions:
"Students and teachers discussed the president's speech in all of my classes the following day," Ashley Ronnebaum said. "Everybody had good things to say about the president. Everybody was real positive about his speech, admired him and respected his views and was impressed with his sense of humor."
Ronnebaum said she was especially impressed with his honesty and frankness in answering a student's question about the future of Social Security.
Posted by Chris Schrimpf| Comments (0)
S4 in the Washington Post
January 25th 02:57:24 PM
Check out S4 setting the record straight...
The Jan. 19 editorial "Fake Retirement Security" urged Congress to take steps to shore up private pension programs without noting that the nation's pension program, Social Security, faces the same problems. Private companies are realizing that defined-benefit plans are not sustainable in the same way that Social Security as it is constituted is not sustainable.
The Post urged Congress to require companies that operate traditional defined-benefit programs to put aside enough money to fund their promises, but the editorial did not note that Congress is spending young Americans' Social Security taxes on pork-barrel projects across the country. Congress should take a lesson from corporate America and enact a retirement program that funds itself while ending its raid on the Social Security "trust fund."
Posted by Jeremy Tunnell| Comments (1)
[Next 10 >>]
|
|
|
|
|
