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2006.10.03

Social Security on the line this November

Right before the 2004 election, Democratic presidential candidate John Kerry was accused of scaring seniors into thinking President Bush wanted to privatize Social Security.  Unless you missed all of 2005, Kerry's prediction turned out to be accurate, although the GOP failed to get it passed.

Many believe that after November, the GOP will renew its push to privatize the system -- This privatization scheme would cut guaranteed benefits for seniors and add $2 trillion to the National Debt in transition costs (National Debt = Birth Tax).  According to the Center on Budget and Policy Priorities, a sudden spike in the National Debt beyond what it already is today would lead to higher interest rates.

The only way to assure that this privatization scheme does not pass the House and Senate is by voting blue.  Politics is usually complex.  But that reality is quite simple.

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