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Protect Working Families, Not Wall Street
Target: Your SenatorsSponsored by: Jeffrey Marks
President Bush has announced plans to "reform" social security by essentially privatizing the system. The administration would have us believe that our current system is flawed beyond repair, and that the best way to help working people to save for retirement is to have them place their money into private funds managed by private firms.
But here's the reality: Social Security is not facing an imminent crisis, and is not in danger of running out of money anytime soon. (The Social Security Administration estimates the trust fund will last until 2042; many economists estimate the fund will last much longer.) Also, privatization will cost a lot - and working families will be the ones who pay.
Social Security spends 1 percent of its money on administration. But administrative costs for private insurance range between 12 and 14 percent, according to the American Council of Life Insurance. In Chile, which instituted a system of mandatory private savings accounts in the early 1980s, administrative costs exceed 20 percent. This is your money, going straight into the pockets of Wall Street.
Medicare's administrative costs (2 percent) are much lower than those of private health insurance systems (8 to15 percent, according to most estimates). And the Medicare program has shown its ability to lower costs through anti-fraud and waste activities. We need to strengthen our security and our health care protections, not increase costs by making Wall Street richer.
Tell Congress today - we want to strengthen and protect our current Social Security system! We need health care for all and protections for working families, not more money for bankers and insurance companies.
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Protect working families and our retirement safety net! |
Social Security spends 1 percent of its money on administration. But administrative costs for private insurance range between 12 and 14 percent, according to the American Council of Life Insurance. In Chile, which instituted a system of mandatory private savings accounts in the early 1980s, administrative costs exceed 20 percent. This is your money, going straight into the pockets of Wall Street.
Medicare's administrative costs (2 percent) are much lower than those of private health insurance systems (8 to15 percent, according to most estimates). And the Medicare program has shown its ability to lower costs through anti-fraud and waste activities. We need to strengthen our security and our health care protections, not increase costs by making Wall Street richer.
Tell Congress today - we want to strengthen and protect our current Social Security system! We need health care for all and protections for working families, not more money for bankers and insurance companies.
Sign Petition! see who signed this
We signed the “Protect Working Families, Not Wall Street” petition!
# 23,316:
2:51 pm PDT, Sep 25,
Jill Tincher, Virginia
# 23,315:
2:13 pm PDT, Sep 25,
Dennis Saylor, Washington
# 23,314:
1:53 pm PDT, Sep 24,
Teresa Ferris, Virginia
# 23,313:
1:41 am PDT, Sep 19,
Karen Tensley, Ohio
# 23,312:
9:30 pm PDT, Sep 13,
Gayla Johnson-Jenkins, Oklahoma
# 23,311:
9:17 am PDT, Sep 12,
ANGEL SPICER, California
# 23,310:
7:54 am PDT, Sep 8,
Lawrence Smith, BA, Georgia
Contained within every evil(greedy republican) act are the seeds of its own destruction. Adhere to the teachings of Jesus, as contained in The Urantia Book, or else suffer the consequences. It IS that simple. TRUTH has been spoken to power, Peace will prevail. Buck Fush!
Contained within every evil(greedy republican) act are the seeds of its own destruction. Adhere to the teachings of Jesus, as contained in The Urantia Book, or else suffer the consequences. It IS that simple. TRUTH has been spoken to power, Peace will prevail. Buck Fush!
# 23,309:
8:43 am PDT, Sep 4,
Helen Siivesti, Belgium
# 23,308:
5:44 pm PDT, Sep 2,
Vanessa Sayre, Ohio
# 23,307:
3:32 pm PDT, Sep 1,
Jackie User, California
SS is EARNED by everyone that has ever held a job. Placing SS in private hands leads to corruption as we all know.
SS is EARNED by everyone that has ever held a job. Placing SS in private hands leads to corruption as we all know.
# 23,306:
12:41 pm PDT, Aug 27,
Stanley Townsend, Oklahoma
# 23,305:
9:17 am PDT, Aug 25,
Dee Attwood, Arizona
# 23,304:
11:01 am PDT, Aug 22,
Aurora Bisig, Texas
# 23,303:
10:43 am PDT, Aug 22,
Alan Lee ferris, Florida
# 23,302:
9:13 am PDT, Aug 22,
Nicholas Frederick, Louisiana
# 23,301:
9:56 am PDT, Aug 19,
Debbie Lueck, Texas
# 23,300:
8:40 am PDT, Aug 11,
Niklas Jespersen, Denmark
# 23,299:
9:28 am PDT, Aug 9,
Knight Hearted, California
# 23,298:
5:53 am PDT, Aug 9,
Anthony Fanara, California
# 23,297:
8:21 pm PDT, Aug 8,
Morgan McNally, Arizona
# 23,296:
10:28 pm PDT, Aug 7,
James Hall, Texas
# 23,295:
8:26 pm PDT, Aug 7,
Mary Rivas, New Jersey
# 23,294:
3:53 am PDT, Aug 2,
Stanley Brandenburg, California
For social Security for myself and otheres, not for the crooks of government.
For social Security for myself and otheres, not for the crooks of government.
# 23,293:
11:47 pm PDT, Jul 30,
Rosemarie Henley, California
# 23,292:
4:13 pm PDT, Jul 29,
Name not displayed, California
# 23,291:
3:45 pm PDT, Jul 23,
Wendy Horn, California
# 23,290:
5:28 am PDT, Jul 23,
Name not displayed, Serbia And Montenegro
# 23,289:
9:16 am PDT, Jul 20,
Kim Reinagle, Texas
# 23,288:
7:18 pm PDT, Jul 19,
Cheryl Hines-Dronzkowski, Michigan
# 23,287:
7:23 pm PDT, Jul 17,
Name not displayed, Illinois
# 23,286:
8:55 pm PDT, Jul 16,
Name not displayed, New York
# 23,285:
8:15 pm PDT, Jul 16,
Tracy Hover, Michigan
# 23,284:
9:34 pm PDT, Jul 13,
Name not displayed, Oregon
# 23,283:
10:39 am PDT, Jul 11,
Debbie Hembree, California
# 23,282:
11:01 pm PDT, Jul 10,
Dawn Kunk, Michigan
# 23,281:
4:45 pm PDT, Jul 7,
Veronica Young, New York
# 23,280:
5:35 am PDT, Jul 7,
Maureen Okeefe, Florida
I'm 58 :)
I'm 58 :)
# 23,279:
2:59 pm PDT, Jul 6,
Maria Heinz, Connecticut
# 23,278:
11:50 am PDT, Jul 6,
Courtney Johnson, Oregon
# 23,277:
11:12 pm PDT, Jul 3,
Darin Sujjavanich, North Carolina
# 23,276:
2:18 pm PDT, Jul 2,
Emily Eidson, Georgia
# 23,275:
8:02 pm PDT, Jul 1,
Scott Chapman, Wisconsin
# 23,274:
12:47 pm PDT, Jul 1,
Lei Heflin, Arizona
We're losing quickly, we need to make a stand and decide to protect...
We're losing quickly, we need to make a stand and decide to protect...
# 23,273:
8:27 pm PDT, Jun 30,
Debbie L. Geisler, Illinois
I feel "W" has no right to mess with our Social Security. How can investing money in something as risky as the stock market help "save" Social Security? As I see it the risks are to great to invest OUR retirement money on!
I feel "W" has no right to mess with our Social Security. How can investing money in something as risky as the stock market help "save" Social Security? As I see it the risks are to great to invest OUR retirement money on!
# 23,272:
9:23 pm PDT, Jun 29,
Louise Weitz, California
# 23,271:
11:25 am PDT, Jun 28,
Cheryl Easton, Louisiana
# 23,270:
11:01 am PDT, Jun 28,
Maggie Dawson, Michigan
# 23,269:
3:34 am PDT, Jun 27,
Kathryn Hamilton, New Hampshire
# 23,268:
6:13 pm PDT, Jun 26,
Missy Mata, Washington
# 23,267:
10:50 am PDT, Jun 24,
Name not displayed, Tennessee
# 23,266:
6:11 pm PDT, Jun 23,
Rosetta Garrison, Kansas
# 23,265:
1:35 am PDT, Jun 19,
Dee Cushman, Connecticut
# 23,264:
3:36 pm PDT, Jun 18,
Robyn Tarpley, Georgia
# 23,263:
3:37 pm PDT, Jun 17,
Laura Williams, Michigan
I would like to be able to use it when the time comes.
I would like to be able to use it when the time comes.
# 23,262:
11:47 am PDT, Jun 16,
Tracy Brooke, Ohio
# 23,261:
9:24 pm PDT, Jun 13,
Amanda Sisenstein, New York
# 23,260:
4:27 pm PDT, Jun 11,
Geri Fox, Missouri
# 23,259:
7:59 pm PDT, Jun 10,
Janet Larnach-Bray, California
shifting the funds to where the proceeds from them will fund special interests is misallocation of our money for the benefit of corporate america. the system may be broke, but it ain't beyond fixing.
shifting the funds to where the proceeds from them will fund special interests is misallocation of our money for the benefit of corporate america. the system may be broke, but it ain't beyond fixing.
# 23,258:
10:18 am PDT, Jun 5,
Name not displayed, Florida
# 23,257:
5:01 pm PDT, Jun 4,
Niurka Suarez, Florida
# 23,256:
10:48 am PDT, Jun 3,
Reta Britton, Oklahoma
# 23,255:
6:23 pm PDT, Jun 2,
Name not displayed, California
# 23,254:
8:33 am PDT, Jun 2,
Karen Dunning, Washington
# 23,253:
3:02 pm PDT, May 31,
Chum Richardson, Canada
# 23,252:
9:47 am PDT, May 30,
Marc Myers, California
# 23,251:
4:12 am PDT, May 30,
Name not displayed, Oregon