Privatizing Social Security Would Drive Millions Below Poverty

[cal04]

Privatizing Social Security Would Drive Millions Below Poverty Line

While President George W. Bush continues to assert that Americans would be better off with Social Security in private hands, a new study shows that privatization of the country's 70-year-old benefit program would drive millions of people into poverty.

Privatization would have dangerous implications for African Americans, Latinos, women, children, people with disabilities, and low income workers, according to the Leadership Council for Civil Rights (LCCR), one of the nation's oldest rights advocacy groups, which carried out the study.

"By undermining the progressive structure of Social Security's benefits, privatization would jeopardize Social Security's ability to lessen the impact of a lifetime of unequal economic opportunity," say authors of the report entitled "Social Security: The Civil Rights Program for All Americans."

Based on statistical analysis, the report says without Social Security millions of people would become poor because private accounts could amplify the effects of discrimination in the job market and pay inequalities. Currently, about 48 million people are receiving Social Security benefits, according to official figures. They include individuals with disabilities, retirees, widows, and children.

http://www.commondreams.org/headlines05/1015-06.htm

[gizmo1979]

1. Millions more into poverty.

We already have millions in poverty.Another 3 years of Bushco and we all may live in poverty.I don't think B can push his agenda with an approval rating in the 30"S Put a fork in em he's dead.

[indepat]

2. Gee, W didn't realize who all would be driven into poverty with his SS

privatization. Nah!

[bballny]

3. They love the idea

of the poorhouse. This is their ultimate dream. Cheap labor and poverty. Always remember they love child labor and company stores

[sarcasmo]

4. Exactly, this is their ultimate goal.