Social Security Petition

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Author: Ravish Kumar

Started: November 8, 2006, 5:58:54 am

Target: Bush Administration

Category: Uncategorized

Supporters:

Goal:

10,000

Goal Progress:

Status

Active

The current us government (ruled by bush) is promoting a reckless new scheme that could threaten America’s retirement security and cost Michigan’s economy billions.
Mr. President has proposed cutting Social Security benefits by as much as 25 percent for some current workers and 46 percent for retirees in the future. And that really hurts. This is not only going to lower the standard of living for the Michigan residence. But also going impact the USA economy.

In a state Michigan there are nearly 1,700,000 people who receive benefits exceeding
$18 billion annually- that’s $1.5 billion per month being added to our state’s economy.

Current administration’s Social Security privatization scheme is going to slash the future benefits almost by 46%, and that is going to make an average retiree losing approximately $443 per month. So almost 360,000 Michigan seniors’ citizens who rely on Social
Security as their only source of income would fall on average $2,400.

A 46% cut in retiree benefits would result in a financial hit to our state’s economy of
Approximately $8.3 billion just in lost payments to retirees. Small businesses would suffer, retirees would suffer, and our state’s economy would stagnate.
So please sign this petition to remove bush from the house for the benefit of our state.
Do not let our states economy suffer. Sing this petition now.