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Buy This Book NowSocial Security/Jobs
Social Security:
For most Americans the issue of how to preserve Social Security is an important one.
Clearly the president understood there was a need to do something and that is why he created the Presidential Commission on Social Security. He started with the
answer, which for him, was to privatize Social Security. Therefore the Presidential Commission did not begin with a clean slate to view all possible solutions, but rather started with Mr. Bush’s answer and worked back to the question.
The problem with the Bush solution is that it alters
the basic philosophy of Social Security. What George W. Bush is proposing is to convert the floor into an elevator.
The issue is to finance retirement benefits under Social Security for the huge increase in population that occurred after World War II.
It is not necessary to establish private accounts to ensure the solvency of Social Security.
Poll after poll shows that the vast majority of Americans do not support private accounts.
Yesterday the trustees for Social Security and Medicare issued an update as to the health of these two programs. The report clearly shows that the American public has been given a “snow job” by John Snow, Secretary of Treasury and George W. Bush. The real crises is Medicare.
Therefore, what we are seeing is that the crisis President Bush and Secretary Snow are telling us about is in the wrong program.
Jobs
During the past five years, our economy should have produced six million new jobs to keep pace with the growing population. During the past five years the economy has added about 4.5 million jobs.
In January 2006, The U. S. Conference of Mayors, a non-partisan group, released the results of the U.S. Metro Economies 2004-2005 Report. Here are a few of the Key Findings from that report:
At the end of 2005, 18 states had not recovered their job losses.
The jobs that have been created in 2004-2005 pay 21% less then the jobs lost in 2001-2003.
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