Medicare and social security were never under threat to begin with. But, with all the
funding Bush needed for his war and the new tax cuts, money has been taken out of medicare and social security to help finance
these other endeavors. Because of the new budget deficits created, a new medicare policy was needed. So the Bush
Administration created one to payback pharmaceutical industries by making it illegal for government to negotiate drug
costs, and thus, raising drug prices. With the 535 billion dollars needed for this new policy, we can all be rest assured
most of it will go directly to the pockets of pharmaceuticals and insurance companies through tax incentives, cuts, and
As for social security, simply put, current tax money is used directly to meet current social security
needs. So as long as most of us are working (that is if Bush doesn't manage to lose 10 million more jobs) then social
security will be fine. The talk about needing to privatize social security has a lot more to do with special interest.
Financial institutions have been pouring money into the Bush campaign hoping for him to push a bill calling for privatization.
Do we need it? No. Do they want it? Yes. Why? Because they stand to make a lot of money through charging fees from
handling these funds and transactions.
Letter of 'Thanks' to the President!
Fight for your rights as a Senior Citizen or a future Senior citizen. Know how our government is avoiding our health
concerns and needs in the New Medicare Act.
Tax Cuts for Wealthy Endanger Social Security and Medicare
Social Security and Medicare remain fundamentally strong,
but efforts by President George W. Bush and his allies in
Congress to push for
a tax cut for the wealthy endanger the programs seniors rely on for health care
and retirement security,
said AFL-CIO President John Sweeney.
Social Security Fall Out Long Way Off
Bush's biggest special interest contributors, financial
institutions, are definitely pushing
for the president to privatize social
security. If it goes through, their payout will be huge. But, a study from
Economic Policy Institute reveals, not only is the privatization plan
unrealistic because of its huge costs, but it is also
completely unnecessary as
Security trustees' report shows-once again-that Social Security is safe and
the current recession, its future outlook is steadily improving.
The Bush Record on Medicare
The medicare plan proposed
by the Bush Administration will raise drug costs, push millions of seniors out
of Medicaid, and
reduce benefits -- all while enriching the pharmaceutical
companies and providing a windfall for HMOs and the health
Five Troubling Aspects of Medicare Legislation
The Center of Budget and Policy Priorities examines the new
Medicare legislation, and reveal that the
final Medicare legislation marks a
major step backward from the House bill in this area; it removes most of the
fiscal relief the bill provided. The legislation is likely to
lead to major problems and adverse outcomes on a number
of fronts. It is
difficult to justify sharply worsening the nation's long-term fiscal outlook in