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Poorest Face Most Risk on Social Security
Washington Post ^ | 2/19/2005 | Jim VandeHei

Posted on 02/19/2005 9:11:45 PM PST by CurlyDave

No group of Americans would be affected more by President Bush (news - web sites)'s Social Security (news - web sites) plan than those earning the least. Just ask 46-year-old Brent Allen.

Allen, who recently lost his job at a Massachusetts paper mill, faces a retirement financed exclusively by the money he has been paying into the Social Security system for the better part of 30 years. Like nearly half the U.S. population, he has no pension or savings to speak of. And his brief flirtations with the stock market have largely flopped.

So Allen, who lives on less than $15,000 a year in disability payments from Social Security and income from his live-in girlfriend, is distrustful of Bush's plan to allow workers to divert a portion of their payroll taxes into personal investment accounts.

(Excerpt) Read more at story.news.yahoo.com ...


TOPICS: Government; News/Current Events
KEYWORDS: reform; socialsecurity
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To: yer gonna put yer eye out
"This fact has been conveniently been ignored by liberals"

. . .and often obscurred by Repubs when they are defending this.

The Repubs have got to get their act together and starting educating the masses. GW needs to raise his voice a vew notches on this as well.

The Demrats want only their name on what could be a kind of 'historical legislation'. . .(and most importantly, they want the money 'their way') and that means they wait. . .gamble on a Demrat winning next round for President or. . .they buck up. . .support it - or at least pretend to; and hope for a train wreck. . .or just take the ride. . . 'make it possible' vs being nasty, selfish. . .shortsighted, greedy. . .evil. . .manipulative 'obstructionists'.

21 posted on 02/19/2005 11:53:28 PM PST by cricket (Just say - NO U.N.)
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To: CurlyDave

I don't think Bush is addressing disability payments under SS at all. Why the guy was brought up thus strikes me as odd.


22 posted on 02/19/2005 11:55:09 PM PST by Torie
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