Report

Bush Privatization Plan Would Devastate State Economies

Scott Laczay — Mon, 10 Dec 2007 15:44:59 -0500

Because Social Security is such an important part of the economic well-being of older Americans, the benefit cuts included in the president's privatization plan would increase senior poverty dramatically. A new generation of poor seniors would place unprecedented demands on already stretched state budgets — squeezing out funds for top state priorities. This would likely lead to higher state taxes to pay the price of providing these new poor seniors with the healthcare, nutrition and housing they can no longer afford themselves.

CLICK ON YOUR STATE TO READ THE REPORT

ALABAMA	ALASKA
ARIZONA	ARKANSAS
CALIFORNIA	COLORADO
CONNECTICUT	DELAWARE
FLORIDA	GEORGIA
HAWAII	IDAHO
ILLINOIS	INDIANA
IOWA	KANSAS
KENTUCKY	LOUISIANA
MAINE	MARYLAND
MASSACHUSETTS	MICHIGAN
MINNESOTA	MISSISSIPPI
MISSOURI	MONTANA
NEBRASKA	NEVADA
NEW HAMPSHIRE	NEW JERSEY
NEW MEXICO	NEW YORK
NORTH CAROLINA	NORTH DAKOTA
OHIO	OKLAHOMA
OREGON	PENNSYLVANIA
RHODE ISLAND	SOUTH CAROLINA
SOUTH DAKOTA	TENNESSEE
TEXAS	UTAH
VERMONT	VIRGINIA
WASHINGTON	WEST VIRGINIA
WISCONSIN	WYOMING

Rural Communities Rely on Social Security Income Nearly TWICE as Much as Non-Rural Communities

Scott Laczay — Mon, 10 Dec 2007 15:43:48 -0500

Rural Communities Rely on Social Security Income Nearly Twice as Much as Non-Rural Communities

The President's Social Security privatization proposal would devastate America's rural communities. With higher percentages of senior citizens, residents who depend on Social Security's disability insurance, and elderly women, rural communities depend on income from Social Security nearly twice as much as non-rural communities. Currently, 13 percent of rural seniors live in poverty, whereas only 9 percent of seniors in metropolitan areas are poor. Poverty also increases as seniors age, with fully one fifth of rural seniors over age 85 living in poverty. Social Security is crucial to the economic independence of rural seniors who have worked hard and paid taxes for their entire lives. Cuts to Social Security benefits would swell the ranks of the rural poor to levels not seen since the Great Depression. Read how Social Security privatization will hurt rural communities in your state:

NATIONWIDE
ALABAMA	ARKANSAS
CALIFORNIA	COLORADO
FLORIDA	GEORGIA
IDAHO	ILLINOIS
INDIANA	IOWA
KANSAS	KENTUCKY
LOUISIANA	MAINE
MARYLAND	MICHIGAN
MINNESOTA	MISSISSIPPI
MISSOURI	MONTANA
NEBRASKA	NEVADA
NEW HAMPSHIRE	NEW MEXICO
NEW YORK	NORTH CAROLINA
NORTH DAKOTA	OHIO
OKLAHOMA	OREGON
PENNSYLVANIA	SOUTH CAROLINA
SOUTH DAKOTA	TENNESSEE
TEXAS	UTAH
VERMONT	VIRGINIA
WASHINGTON	WEST VIRGINIA
WISCONSIN

Will Social Security Privatization Return?

Scott Laczay — Mon, 10 Dec 2007 15:41:39 -0500

Scorecard on the large number of candidates who support privatization of Social Security – and prospects for a new congressional majority that could dismantle Social Security.

Read the full report »

Private Accounts Would Substantially Increase Federal Debt and Interest Payments

Ian Mishalove — Wed, 27 Jul 2005 00:00:00 -0400

The DeMint and McCrery Social Security Plans

Ian Mishalove — Wed, 20 Jul 2005 00:00:00 -0400

African American Women Depend Heavily on Social Security

Ian Mishalove — Wed, 01 Jun 2005 00:00:00 -0400

Social Security Lifts 1 Million Children Above Poverty Line

Ian Mishalove — Mon, 02 May 2005 00:00:00 -0400

Why the President's Social Security Proposal Could Ultimately Lead to Unraveling of Social Security

Ian Mishalove — Mon, 02 May 2005 00:00:00 -0400

Privatization = $152,000 Cut in Social Security Checks for Typical American

tjackson — Sun, 01 May 2005 13:44:07 -0400

Our state-by-state reports conclude that the President's plan would have a devastating impact on the economic security of American families. The President's plan would impose benefit cuts of 15 percent for a 45-year-old worker today, cuts of 25 percent for a 35-year-old worker today and a typical 20-year-old worker, who has just begun paying into the Social Security system, can expect to see a cut of $152,000 over their retirement. The plan would saddle young workers with both the cost of crippling national debt and with severe reductions in the amount they can expect to see from their Social Security checks. Social Security is the most successful anti-poverty program in our nation's history — and it is a benefit earned by every single American after a lifetime of hard work.

CLICK ON YOUR STATE TO READ THE REPORT

ALABAMA

ARIZONA

CALIFORNIA

CONNECTICUT

FLORIDA

HAWAII

INDIANA

KENTUCKY

MASSACHUSETTS

MONTANA

NEVADA

NEW JERSEY

NORTH DAKOTA

PENNSYLVANIA

TENNESSEE

WISCONSIN

ALASKA

ARKANSAS

COLORADO

DELAWARE

GEORGIA

IDAHO

IOWA

LOUISIANA

MICHIGAN

NEBRASKA

NEW HAMPSHIRE

NORTH CAROLINA

OHIO

SOUTH CAROLINA

WEST VIRGINIA

President's Social Security Plan Means Deep Benefit Cuts for Nearly Every Worker

tjackson — Sun, 01 May 2005 03:00:00 -0400

The President's plan includes mandatory cuts to guaranteed Social Security checks for nearly all workers who earn over $20,000 per year, regardless of whether or not the worker chooses a private account. Under this plan, a typical American worker would see their benefits reduced by more than $214,000! Read how the President’s Social Security privatization plan will hurt people in your state:

NATIONWIDE
ALABAMA	ALASKA
ARIZONA	ARKANSAS
CALIFORNIA	COLORADO
CONNECTICUT	DELAWARE
FLORIDA	GEORGIA
HAWAII	IDAHO
ILLINOIS	INDIANA
IOWA	KANSAS
KENTUCKY	LOUISIANA
MAINE	MARYLAND
MASSACHUSETTS	MICHIGAN
MINNESOTA	MISSISSIPPI
MISSOURI	MONTANA
NEBRASKA	NEVADA
NEW HAMPSHIRE	NEW JERSEY
NEW MEXICO	NEW YORK
NORTH CAROLINA	NORTH DAKOTA
OHIO	OKLAHOMA
OREGON	PENNSYLVANIA
RHODE ISLAND	SOUTH CAROLINA
SOUTH DAKOTA	TENNESSEE
TEXAS	UTAH
VERMONT	VIRGINIA
WASHINGTON	WEST VIRGINIA
WISCONSIN	WYOMING