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BUSH BILKS THE ELDERLY

by The Progressive Wednesday, Apr. 11, 2001 at 5:12 PM
soyboy_@hotmail.com Paul Hays Route 129

"George W. Bush's plans for federal entitlement programs---and some Democratic plans that also embrace partial privitization based on alarmist rhetoric of Medicare and Social Security 'crises'-- will destroy hard-won protections of elderly and disabled people's health care and retirement. Many of these beneficiaries are not a good risk for private health insurers. "

3rd Paragraph page 8 April 2001

"In 1998 Social Security provided 37.5% of the total income for all people ages 65 and older. For blacks, it was 52.1 %....for Hispanics, it was 46.8%" The Washington Post

Page 9---"Bush's proposal to 'save' Social Security actually takes about Trillion out. That translates into a huge cut in benefits--and a big windfall for the mutual fund industry. The Presient's budget proposal suggests that INDIVIDUAL RETIREES CAN MAKE UP THE DIFFERENCE BY PLAYING THE STOCK MARKET."

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