The Young and the Ripped-Off"It was just about 35 years ago that the youth movement made one of its most famous imprints on American history when thousands of college kids and 20-somethings marched on the capital in Washington to protest the Vietnam War. The peacenik hippies commanded headlines by burning their draft cards and reciting the memorable chant: 'Hell no, we won't go.' "Well, the youth movement is alive and well in America, but this time the students aren't denouncing war, but taxes—Social Security payroll taxes to be precise." "Students for Saving Social Security...will be pounding on Senate and congressional office doors this week and next to demand a modernization of the system." Social Security Briefing"The Coalition for the Modernization and Protection of America's Social Security, which favors personal retirement accounts, plans to announce today its membership has grown to at least 350 groups, sources said last week. "The addition of over 100 college chapters of Students for Saving Social Security has partly fueled membership for the group, which had about 150 members by late April. "Among the new members are the National Mining Association, American Trucking Associations, Associated Builders and Contractors, National Taxpayers Union and American Petroleum Institute." From The FieldMaryland
Florida
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CoMPASS Membership Triples in Size as 350 Groups Join Together Behind Social Security Reform"In a sign of continued broad-based support for Social Security reform, [CoMPASS] today announced that its membership has nearly tripled in just two months, with 350 business, senior, youth and civic groups from across the country uniting behind reform. "CoMPASS, the leading coalition supporting Social Security reform, has seen significant growth in its diverse membership, which is up dramatically from 116 organizations in early April. "The growing membership—which includes groups in Washington, D.C., and from nearly every state in the nation—comes at a time when both House and Senate committees are accelerating activity with hearings and discussions on legislative proposals." Click here to view the membership list NOdometer Shows How Much Saying NO to Social Security Reform is Costing America
The NOdometer display shows the outstanding debt owed to the Social Security Trust Fund. Congress will have to raise taxes, reduce Social Security benefits, reduce other spending, or borrow more when it comes time to repay the Trust Fund--starting in 2017, according to the Social Security Administration. Did You Know?Providing coverage for 157 million taxpaying workers and families with $493 billion paid to 48 million retirees, disabled workers and survivors last year, Social Security spends more than the Department of Defense. Source: U.S. Social Security Administration 
They Said It"For both workers and [Social Security] beneficiaries, gradual changes are generally preferable to precipitous and disruptive actions, such as sudden, large reductions in benefits or sudden, large increases in taxes. Moreover, if changes were announced in advance and phased in gradually, workers and beneficiaries would have more time to prepare and to appropriately adjust their decisions about work and saving." Congressional Budget Office Director Douglas Holtz-Eakin, |
