Gutting Social Security Would Devastate Blacks and Hispanics
huffingtonpost.com — Two fresh dangers in the looming Social Security battleground confront blacks and Hispanics. The GOP presidential candidates posed one when they again called for partially privatizing Social Security in recent stump speeches and statements. The idea is nothing but a rehash of the idea floated by George W. Bush in 2005. The idea mercifully went nowhere, Bush dropped it. The other danger is the soaring poverty numbers. Social Security stands squarely in the middle of the two dangers. The recent census report found that the number of Americans in poverty has hit a near all time high. A disproportionate number of those are blacks and Hispanics. This is where privatizing or any tweak, reduction, or downsize of Social Security would virtually guarantee that the economic pain to blacks and Hispanics would be unimaginable.