Las Vegas Sun

December 5, 2009

Currently: 37° | Complete forecast | Log in

Letter: Republicans hide the truth about Social Security

Thursday, May 11, 2000 | 9:23 a.m.

That is bad enough, but consider that eventually there will be no more surplus in the fund (it will stop about 2010-2013), at which time either the "personal retirement accounts" or current benefits will have to be discontinued or seriously cut back, setting up a furious generational war in which the political climate at the time will play a large part.

The compromise will probably be to discontinue the present program altogether, with a mere subsistence benefit paid out of the general treasury to only the poorest of seniors, forcing the vast proportion of the remainder just above the poverty line into poverty and all others will lose benefits they paid for all their working lives.

The "reform" of the program I have just outlined is the one favored by George W. Bush, except he will never tell you about its consequences! Every retiree and every worker over 40 or 50 should beware this Bush "Trojan horse" and vote accordingly, in my opinion! (A few "Democrats," like Bob Kerrey and Pat Moynihan, support this idea but they don't care about current and soon to be retirees, either.)

DAN OLIVIER

archive

  • Most Read
  • Discussed
  • Most E-mailed

Complete Listing

Calendar »

  • 5 Sat
  • 6 Sun
  • 7 Mon
  • 8 Tue
  • 9 Wed

All events on Saturday »