I saw on CNN just a few minutes ago that Bush said he will listen to ANYONE on how to "fix" Social Security. He said he wants to hear all plans, whether they are from Democrats, Republicans, or Independents.
OK, George, here's someone with some suggestions. (Will you really listen?)
Progressive Democrats Open Letter to the President Saving Social Security David Kelley
PDA Senior Policy Advisor Chair of the Subcommittee on Social Security Dear Mr. President:
However, if you don’t mind a suggestion. There are naysayers out there who question your real dedication to promoting an ownership society. Strange but true. Apparently, they come from the small number that did not help you attain your overwhelming mandate. Not to nitpick, but some of those 59+ million complain and whine that:
1) The minimum wage of $5.15 has remained frozen since 1997. If, by the way, the minimum wage kept up with CEO salaries since just 1993, they say it would now be $15.71 an hour. Where they get the nerve to compare peasants to kings just floors me.
2) They quote America’s greatest investor,Warren Buffett, as saying: “If there is class warfare in this country, my class has won.” Evidently, he was pointing to the fact that he will pay a smaller share of his income in taxes than his secretary if the tax cuts become permanent. And she is not worth $43 billion. The reality is that if the tax cuts are made permanent he would be paying about 17.8% while his secretary’s rate would be paying about 18%. The people saying this obviously want to penalize those who create the jobs. The rich lead frantic lives trying at every moment to make others rich. Such labors should not go unrewarded. Why punish the rich?
3) The $11.6 trillion price tag of keeping the tax cuts permanent dwarfs the Congressional Budget Office’s forecast of the Social Security shortfall of $2 billion and $3.7 billion by the Social Security Administration. They say that just cutting the permanent tax cuts for those in the top bracket who earn, on average, $1.2 million a year would plug the shortfall. In fact, they insist that just raising the salary cap on wages that must pay Social Security from $90,000 to $110,000 would solve the problem as the CBO sees it. Clearly, these “soak the rich” liberals just don’t get it.
You can read the rest of David Kelley's article here:
http://www.commondreams.org/views05/0203-28.htm