You Owe It To Your Grandchildren To Tell Them The Truth About Social Security

President George W. Bush wants to convince people in their 20s that Social Security will not be there when they retire. It’s a lot easier to take something away from people if they don’t think they are going to get it anyway. He hopes you, your children, and your grandchildren won’t fight his privatization plan, which he isn’t telling anyone will drastically cut benefits.

Don’t fall for it.

WHAT GEORGE BUSH DOESN’T WANT YOUNG PEOPLE TO KNOW…

If you want to receive less money when you retire, then Social Security privatization is right for you!

• Young workers today would lose about $152,000 in benefits under the leading privatization plan.

• Workers who earn $58,560 today would face a 25% benefit cut if they retire in 2045 and a 42% benefit cut if they retire in 2075.

If you like the idea of supporting your elderly parents, then Social Security privatization is right for you!

• Privatization will cut benefits, shrink nest eggs and create the risk of poor investments.

If you welcome shouldering an additional $2.2 trillion in debt, then Social Security privatization is right for you!

• Establishing private accounts would require more than $2 trillion in new borrowing over just the next ten years.

Source: Alliance for Retired Americans