BellaOnline Forums News and Politics Current Events MoveOn.org Social Security Ad

Liberal group's ad falsely claims Bush plan would cut benefits 46 percent.

Summary

MoveOn.org launched a false TV ad in the districts of several House members, claiming through images and words that President Bush plans to cut Social Security benefits nearly in half. Showing white-haired workers lifting boxes, mopping floors, shoveling and laundering, the ad says "it won't be long before America introduces the working retirement."

Actually, Bush has said repeatedly he won't propose any cuts for those already retired, or near retirement. What MoveOn.org calls "Bush's planned Social Security benefit cuts" is actually a plan that would hold starting Social Security benefits steady in purchasing power, rather than allowing them to nearly double over the next 75 years as they are projected to do under the current benefit formula. The White House has discussed such a proposal, and may or may not adopt it when the President puts forth a detailed plan expected in late February.


Click the link below for the full article:

http://www.factcheck.org/article303m.html

The Liberals/Democrats wake up in the morning and their prayer is "How Can We Fool Them Today". <img src="/images/graemlins/laugh.gif" alt="" /> <img src="/images/graemlins/laugh.gif" alt="" /> <img src="/images/graemlins/laugh.gif" alt="" /> <img src="/images/graemlins/laugh.gif" alt="" />

New information turned up by FactCheck.org shows that the type of private Social Security accounts being proposed by President Bush would yield very little profit to the securities industry, contrary to persistent claims of a potentially huge "windfall" to Wall Street.

What we have discovered is that the model for Bush's accounts -- the Federal Thrift Savings Plan for federal workers -- actually paid securities firms a net total of only 16 cents for every $10,000 in workers accounts. The TSP had refused to make that information public -- until now. It shows that fees actually being paid to Wall Street are hundreds of times smaller than some critics had assumed.

For that reason and others we find that ads run in Louisiana by the liberal Democratic group Campaign for America's Future are grossly misleading. The group is accusing Republican Rep. James McCrery, who is chairman of the Social Security subcommittee and a supporter of Bush's private accounts, of "corruption" for accepting campaign donations from Wall Street, which it falsely claims will "profit most" from private accounts.


Click the link below for the full article:

http://www.factcheck.org/article310m.html

Is it little wonder that the Dems/Libs lie so much? How else would they keep their "plantations going" except for the lies? The only Democrat I might trust would be Zell Miller. <img src="/images/graemlins/laugh.gif" alt="" />

True! That's a good deal! I wish my mutual fund had that low a transaction cost. Sign me up!

Liberal Group Attacks Our Article: Here's Why They Are Wrong

The liberal Campaign for America's Future - whose ads we criticized March 3 - has issued a rebuttal claiming that our article "gets the facts wrong" and asking that we "set the record straight." They claim our article contained "major errors," is based on an "imaginary scenario," and that "the fact is securities firms would profit handsomely from the President's (Social Security) privatization plan." This is our response.

Nowhere in their rebuttal does CAF attempt to dispute our central finding, that the federal Thrift Savings Plan pays the securities industry an average of only 16 cents on a $10,000 account, an amount many times smaller than previously assumed. Nor did they dispute that the the leading academic proponent of the "windfall to Wall Street" idea said - when shown our new information - that it was a "fair statement" that private accounts as now proposed by Bush would provide very little profit to securities firms.

Click the link below for the full article:

http://www.factcheck.org/article312m.html

Another Liberal war cry "Never Let The Facts Get In The Way Of Emotionalism". <img src="/images/graemlins/smile.gif" alt="" />