Rep. Mike Ross (D-AR) explains that President Bush’s plan for Social Security reform will bankrupt the program even sooner than expected because privatization will take money out of the system.

Posted by Staff on February 4, 2005 |

Rep. Ross gives a rudimentary lesson in how Social Security works and how privatization will bankrupt the program even sooner: one generation’s money is put into the program so their parents can receive benefits; if people take their money out and put it aside for themselves, Social Security will not have the money to pay its beneficiaries. (:45)

 
icon for podpress  Standard Podcast: Play Now | Play in Popup | Download

February 4, 2005
« The author of Shake Hands with the Devil, the Failure of Humanity in Rwanda Lt. General Romeo Dallaire talks about the reason of the ongoing conflicts in Africa.
Congressman Mike Ross (D-AR) says reforming Social Security needs to be done cautiously since it is a program his constituents rely on and says finding a way to save Medicare from bankruptcy is a more pressing issue. »
Both comments and pings are currently closed.

Comments are closed.

Categories

Related


Latest Audio

  • Labor Secretary Recalls Helping Undocumented Students Go To College
     
    icon for podpress Play Now
  • GOP Leaders Look To Suade Moderate Democrats On Health Care Vote
     
    icon for podpress Play Now
  • Democrats’ Health Bill One Great Big Ponzi Scheme, Says Thune
     
    icon for podpress Play Now
  • Senate Democrats Employ ‘Gimmickry’ To Keep Health Bill Below $900 Billion
     
    icon for podpress Play Now

Happening Now - TRNS on Twitter