masamuneehs
Thu, 11-03-2005, 01:24 AM
This is the real deal folks.
Social Security (officially titled Old-Age, Disability, and Survivors Insurance -OASDI-) is the backbone of America's social policy. Due to the current makeup of the laws and the impending retirement of the "Baby Boomers", the generation coming out of the post-WWII years, the program will soon run a deficit. It will be impossible, or extremely damaging, to continue to maintain the Social Security program over the next couple decades. By the time I am eligible to recieve Social Security (65-20 = 45 years) the program is expected to fail its payment to me.
I present to you, with no strings attached, the one-hundred-percent certified, notorized and unaltered proposal that President George W. Bush of the United States of America is asking the Republican-headed Congress of the USA to vote into law.
H. R. 3304: Growing Real Ownership for Workers Act of 2005
http://www.theorator.com/bills109/hr3304.html
Congressional Budgeting Office's analysis of the proposed Social Security Plan
http://www.cbo.gov/showdoc.cfm...ex=6645&sequence=0 (http://www.cbo.gov/showdoc.cfm?index=6645&sequence=0)
The Congressional Budgeting Office (CBO) is the U.S's accountant, it is in charge of assessing and often fixing the required rates of taxes, and government expenditures.
Social security taxes account for the largest amount of money paid to the government by the majority of American housholds. I lose about 10% of my income (and that is at the lowest possible income-bracket to be taxed) to Social Security. That money is immediatley being spent on the current senior citizens and used by the US government as a sort of cash-on-hand benefit that it can do what it pleases with until my time to retire comes. The fact that I (and every other U.S. citizen) pay into a program that needs to be altered is quite alarming, and that is my reason for presenting this news to you all.
Discuss if you will, but try to at least read some of the law and analysis before puffing up your opinion as anything incredible. Hot air fills balloons quite well, but it makes for boring conversation. I for one need a good time of thinking and looking this all over before forming anything close to a properly-informed personal opinion.
Social Security (officially titled Old-Age, Disability, and Survivors Insurance -OASDI-) is the backbone of America's social policy. Due to the current makeup of the laws and the impending retirement of the "Baby Boomers", the generation coming out of the post-WWII years, the program will soon run a deficit. It will be impossible, or extremely damaging, to continue to maintain the Social Security program over the next couple decades. By the time I am eligible to recieve Social Security (65-20 = 45 years) the program is expected to fail its payment to me.
I present to you, with no strings attached, the one-hundred-percent certified, notorized and unaltered proposal that President George W. Bush of the United States of America is asking the Republican-headed Congress of the USA to vote into law.
H. R. 3304: Growing Real Ownership for Workers Act of 2005
http://www.theorator.com/bills109/hr3304.html
Congressional Budgeting Office's analysis of the proposed Social Security Plan
http://www.cbo.gov/showdoc.cfm...ex=6645&sequence=0 (http://www.cbo.gov/showdoc.cfm?index=6645&sequence=0)
The Congressional Budgeting Office (CBO) is the U.S's accountant, it is in charge of assessing and often fixing the required rates of taxes, and government expenditures.
Social security taxes account for the largest amount of money paid to the government by the majority of American housholds. I lose about 10% of my income (and that is at the lowest possible income-bracket to be taxed) to Social Security. That money is immediatley being spent on the current senior citizens and used by the US government as a sort of cash-on-hand benefit that it can do what it pleases with until my time to retire comes. The fact that I (and every other U.S. citizen) pay into a program that needs to be altered is quite alarming, and that is my reason for presenting this news to you all.
Discuss if you will, but try to at least read some of the law and analysis before puffing up your opinion as anything incredible. Hot air fills balloons quite well, but it makes for boring conversation. I for one need a good time of thinking and looking this all over before forming anything close to a properly-informed personal opinion.