• Posts Tagged ‘social security’

    Social Security is fine

    by  • August 23, 2011 • politics & money

    Jared Bernstein runs downs Facts and Fixes about the New Deal program that allows many Americans to retire with some diginity Facts: Average benefits are [...] around $1.2K/month or $14K/yr. [...] For more than half (55 percent) of elderly beneficiaries, Social Security provides the majority of their cash income. For one-quarter (26 percent), it provides [...]

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    Remember when W wanted to privatize Social Security?

    by  • December 20, 2009 • politics & money

    Right wing think tanks began to push the stupid idea of privatizing Social Security in the late 1990s which culminated in George W Bush’s failed attempt to privatize Social Security at the beginning of his second term. Investors have just endured an absolutely terrible 10 years — a string of crashes, crises, financial scandals, recessions [...]

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