Wednesday, April 13, 2005

Bush's Social Security Plan a Fraud?

Proof once again that Democrats have nothing but rhetoric to fix the U.S.'s Social Security Ponzi Scheme. Rep. Charles Rangel came out yesterday with a tirade against President Bush.

Quote (from New York Sun 4-12-05):

Addressing black retired workers on the steps of City Hall yesterday, Rep. Charles Rangel called President Bush's campaign to reshape Social Security a "fraud" and urged African-Americans to combat the White House efforts as part of their civil-rights struggle
For black Americans, the congressman added, the struggle against the proposed changes in the entitlement system was "not only a civil-rights fight, but a fight for America." Mr. Rangel called on African-Americans to continue their "missionary" work against the Social Security proposals and likened the effort to his marching with Martin Luther King Jr. from Selma to Montgomery.
"We have to get rid of the bums that are trying to take it away from us," Mr. Rangel said of the Social Security sys system, referring to Republicans in Washington and City Hall - "people who sleep with Bush, Cheney, Wolfowitz, and the rest of them."

~~~~~Then the article has this~~~~~~
Neither Mr. Barron nor Mr. Rangel detailed at the meeting why the president's proposals were harmful to the black community. When asked for specifics by The New York Sun after the event, Mr. Rangel said, "The progressive nature of being able to get returns means that lower-income people benefit more than higher-income people" from the Social Security system. Since members of minority groups disproportionately constitute the lower income brackets, the congressman said, they stand to lose the most from Mr. Bush's efforts - which the congressman labeled "fraud" and an "impeachable offense."
The president of the National Center for Neighborhood Enterprise, Robert Woodson, is quoted as saying:

Allowing Americans to save some of their Social Security contributions in private accounts, he said, was better. Black Americans wouldn't lose benefits to the same extent if they die younger than whites, because their unused accumulated wealth can be passed on to children and other survivors, he said, providing a basis for intergenerational wealth accumulation.

----end quotes -----

prying1 sez:

Is it strange that the morally bankrupt Democratic party continually wants to keep the 'poor black man' under the thumb of the Democratic party? Here is an opportunity for 'the poor' (whatever their color) of this country to get a step up financially and the ultra rich Democrat politicians are working overtime lying and conniving to fool the huddled masses. During Clinton's reign he tried to get a similar program going as that which Bush is proposing. Only difference is in Clinton's plan the government would decide which stocks and bonds would be bought. The citizen would have no control over his own money. Republicans stood against the government control of our money so that so it did not pass.

Whose money is it?

According to Rangel it is the governments money! Don't expect to keep it if you vote for Democrats. They do not care for you. Unless it is to keep your neck under their foot and voting for them because they have fooled you into thinking "they care".