Thursday, December 23, 2004

Clearing Links From My Desktop - And News

Social Insecurity and more

Give the gift of Salon

Losing Under the Bush Plan
In its primary plan, President Bush's commission on Social Security proposed to slash the guaranteed portion of Social Security by 16% for people who retire in 2022 and who had previously opted for private accounts; the cuts would increase to 40% for those who retired in 2042 and by 62% for those in 2075. To sell those deep cuts, the commission touted the benefits of private accounts, which would require the federal government to borrow several trillion dollars over the next three or four decades. (The additional borrowing would stop once benefit reductions exceeded the new funds going into private accounts.)

Even with the commission's overly optimistic projections of returns on private accounts, future retirees would lose big under the commission's plan. The combined income from guaranteed benefits and these new private accounts would fall 7%, 12%, and 23% short of the benefits scheduled under current law for 2022, 2042, and 2075, respectively. By their own admission, the commission's privatization proposal would cut benefits significantly
Olbermann and Conyers

Values Talk Hurting GOP

Has Bev Harris Lost It?

IHT - Torture Reconsidered.

Kerry Files for Ohio Recount, First reported here on DK.

Arrianna - Will the GOP Nuke the Constitution?

Lesson from how Democrats Win in Washington - Get Tough!

Powerpoint - Election Fraud 2004

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