Periodically, the wealthy Republicans begin salivating over all of the money in the Social Security system. They want to dump it into the free market because, as everyone knows, when we privatize non-profit administered funds into a for profit model, the wealthy can get even wealthier. (I personally believe that’s why the Republics are pushing the “charter school” movement too — all of that money in the education budget could be lining the pockets of wealthy entrepreneurs.)
Just imagine: Where would today’s elderly Americans be if the Republican party had gotten its way during the hideous Bush/Cheney years (the later stating that “deficits don’t matter”) and pushed the Social Security system funds into Wall Street!? What idiots!
MoveOn.org has a great response to the top 5 Social Security myths, since the Republicans are at it again. The 5 myths they address are listed below. Check out the facts about each myth at MoveOn.org’s article.
- Myth: Social Security is going broke.
- Myth: We have to raise the retirement age because people are living longer.
- Myth: Benefit cuts are the only way to fix Social Security.
- Myth: The Social Security Trust Fund has been raided and is full of IOUs
- Myth: Social Security adds to the deficit