Human Services News

From Economic Policy Institute:

Proponents of deep cuts in Social Security benefits are trying to sell these cuts by disguising them with private accounts. As the December 22 Snapshot shows, the primary proposal of President Bush's commission on Social Security would slash the guaranteed portion of Social Security by 62% for those who retire in 2075 and had opted for private accounts. With the likely income from private accounts added to those benefits, these workers would still receive 42% less in benefits than anticipated under the current law. Read more from this post.