Bush got a rocky welcome to Denver, March 21, in the 17th stop on his 60-city, election-style campaign to sell the privatization of Social Security.
Three years before President Franklin Roosevelt enacted Social Security, the Communist Party issued a pamphlet saying: “Social insurance is a system of government support to give workers financial assistance, thus affording them a measure of security in case of accident, sickness, death of the wage earner, unemployment, child bearing, or dependent old age. ... The fight for social insurance must go on because it is a fight for security in the daily struggle for existence faced by every member of the working class.”
CHICAGO — “Privatizing Social Security may be good business for Charles Schwab, but it’s a bad deal for working Americans,” Chicago Federation of Labor President Dennis Gannon told the multiracial and multigenerational crowd of 300 that overflowed the sidewalk in front of the giant investment firm’s office here. “The stock market is a gamble,” Gannon continued, “I’ve got a mother who is 83, a daughter who is 22 and I’m 52. Privatization puts us all in jeopardy.”
DALLAS, ALBUQUERQUE, AND CLEVELAND: 'Hands Off Social Security'
WASHINGTON — Defenders of Social Security charged this week that a “means test” on Social Security as proposed by President George W. Bush would inflict huge benefit cuts for 70 percent of recipients, clearing the way to destroy the system vital to Americans’ economic security.
WASHINGTON — Thousands cheered at a Capitol Hill rally April 26 as lawmakers and leaders of labor, retirees, women, youth of color and the disabled vowed “no compromise” in the battle to block President Bush’s plan to privatize Social Security.
Calling Social Security “the most profound and effective program in our history,” Congresswoman Diane Watson (D-Calif.) told an April 2 town hall meeting sponsored by the California Alliance of Retired Americans (CARA) that “with Social Security we weave together a safety net that guarantees our independence and economic security.” Watson pointed out that the investment firms pre-selected to participate in President Bush’s privatization scheme were his largest campaign contributors. “These Wall Street sharks will charge anywhere from 15 to 20 percent to ‘manage’ private accounts,” she warned, resulting in benefit cuts and loss of disability and survivors’ benefits.
WASHINGTON — President George W. Bush’s Social Security road show ran off the road last week and he can’t seem to get it back on track. The uproar was unleashed April 5, when he cast doubts on the creditworthiness of the federal government.
The California Alliance for Retired Americans (CARA) campaign to maximize strong opposition to the Bush administration’s proposals of privatized Social Security accounts is picking up steam. The group, working with its 105 labor and community affiliates, is organizing 12 town hall meetings throughout the state during March and April focused on convincing congresspersons to sign the AFL-CIO pledge to defend the system.
Social Security is a social insurance program that acts as an anti-poverty safety net for families of disabled workers, children of a deceased parent, and senior citizens. Many children, teenagers and college students benefit from the program. If President Bush has his way — to privatize Social Security — these benefits won’t be around for you and generations to come.