How much less will young people get under shrub's SS fix?

[texastoast]

You guys are going to get screwed to the wall.

Not only will you be saddled with all of his war borrowing for decades to come, but to finance the reduced Social Security benefits YOU might receive, el idioto wants to borrow the money. Surprise!

...snip

"In the first 10 years of private accounts, according to the Center on Budget and Policy Priorities, a Washington think tank, the government would have to borrow $1.3 trillion (including interest) to make up for wage taxes no longer available to pay Social Security benefits. (This assumes two thirds of eligible workers opt for the accounts.) Over the first 20 years, borrowings would total $4.5 trillion.

"Plan 2 (shrub's fiasco) has serious cutbacks. An average worker retiring in 2075, for instance, would get a benefit 46 percent below the current formula. Later cuts would be even deeper. The plan does this by using a benefit formula based on inflation rather than on wages, which are roughly 1 percent a year higher. A few decades of compounding 1 percents sure adds up.

...snip

http://www.msnbc.msn.com/id/6920720/site/newsweek/

The article link I am posting is a good, understandable summary of the big picture. It is written in lay terms for non-mathy people like me, but I wouldn't say it is oversimplified.

Read it and highlight some talking points and head out to a town hall meeting (likely being held this week in your district) to let your representatives know how very WRONG is the direction of Plan 2.