Statement by Terry McAulliffe on Bush's State of the Union
"George W. Bush had an opportunity to speak honestly with the American people tonight about the state of Social Security and his own plans to privatize the program. But he opted instead to carefully and deliberately mislead."
Take Action: Stop Bush's Social Security Cuts
The George W. Bush plan to dismantle Social Security has begun.
The administration floated a proposal to cut benefits to future retirees by changing the way those benefits are calculated. And these cuts are guaranteed -- whether you opt in to the Bush plan or not.
Here's what the Bush plan will mean for your retirement:
- If you retire in 2022, Bush will cut your benefits by almost 10 percent.
- If you retire in 2042, Bush will cut your benefits by more than 25 percent.
- In 2075, our children and grandchildren will face a staggering cut of 46 percent to their benefits.
And this is just the first step of the Republican Party's plan to dismantle the entire Social Security system that has kept generations of America's seniors out of poverty. Soon Bush will launch a $40 million TV ad blitz to convince Americans that our grandkids will be left out in the cold if Social Security is not privatized.
We will not stand by and allow that to happen.
Help us take our first step today by writing a letter to the editor of your local paper demanding that President Bush abandon his plan to cut benefits for tomorrow's retirees. Click the link below to write your letter today:
http://www.democrats.org/action/
Today on the Blog
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State of the Union Thread: Post your predictions, refutations, and comments here!
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