28
Feb
2005

A social security petition

RESOLUTION NO

SOCIAL SECURITY PETITION

To all Elected Officials (I will make this part formal by tomorrow)

Whereas, Social Security is a United States Government fully guaranteed insurance benefit;

Whereas, Social Security is an insurance supplement to private pension plans;

Whereas, Social Security is a survivor benefit for spouses and minor
children

Whereas, Social Security is a disability benefit

Whereas, personal investments in a privatization plan would not be guaranteed by the U.S. Government;

Whereas, privatization will not increase the longevity of Social Security

Whereas, the privatization of Social Security will require the addition of trillions of dollars of debt and interest payments which will need to be repaid;

Whereas, raising the $90,000 income cap, adequately, will increase the longevity of social security;

Wheraes, the huge debt to finance the privatization of Social Security would fall on those that the plan was devised to protect, those under 55 years of age, our children and grandchildren;

Whereas, a change in the wage index to a price index calculation may reduce benefits for all Social Security recipien

Whereas a decrease in Social Security benefits and medicaid by the federal government will increase the financial burden on state, county, local governments, and taxpayers;


We the undersigned, request that the members of the United States Senate and the House of Representatives oppose the privatization of Social Security and support raising the social security income cap to adequately address the problems of solvency and longevity.


>>end of snip"


Ginnicus1 in Ukiah, CA...Mendocino County (Sunday, 02/27/05, 8:15pm)


Informant: JHW369
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