Letters

Letters 08-29-2016

Religious Bigotry President Obama has been roundly criticized for his apparent unwillingness to use the term “radical Islamic terrorism.” His critics seem to suggest that through the mere use of that terminology, the defeat of ISIS would be assured...

TC DDA: Focus On Your Mission What on earth is the Traverse City DDA thinking? Purchasing land around (not within) its TIF boundaries and then offering it at a discount to developers? That is not its mission. Sadly enough, it is already falling down on the job regarding what is its mission. Crosswalks are deteriorating all around downtown, trees aren’t trimmed, sidewalks are uneven. Why can’t the DDA do a better job of maintaining what it already has? And still no public restrooms downtown, despite all the tax dollars captured since 1997. What a joke...

European-Americans Are Boring “20 Fascinating People” in northern Michigan -- and every single one is European-American? Sorry, but this is journalistically incorrect. It’s easy for editors to assign and reporters to write stories about people who are already within their personal and professional networks. It’s harder to dig up stuff about people you don’t know and have never met. Harder is better...

Be Aware Of Lawsuit While most non-Indians were sleep walking, local Odawa leaders filed a lawsuit seeking to potentially have most of Emmet County and part of Charlevoix County declared within their reservation and thus under their jurisdiction. This assertion of jurisdiction is embedded in their recently constructed constitution as documentation of their intent...

More Parking Headaches I have another comment to make about downtown TC parking following Pat Sullivan’s recent article. My hubby and I parked in a handicap spot (with a meter) behind Mackinaw Brew Pub for lunch. The handicap spot happens to be 8-10 spaces away from the payment center. Now isn’t that interesting...

Demand Change At Women’s Resource Center Change is needed for the Women’s Resource Center for the Grand Traverse Area (WRCGT). As Patrick Sullivan pointed out in his article, former employees and supporters don’t like the direction WRCGT has taken. As former employees, we are downright terrified at the direction Juliette Schultz and Ralph Soffredine have led the organization...

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Let‘s Keep the Security in Social Security

U.S. Senator Debbie Stabenow - March 24th, 2005
Social Security is a great American success story. It represents the best of American values – if you work hard and play by the rules, you earn a secure retirement and a basic quality of life in your older years.
And it works. Before Social Security, 50 percent of older Americans were living in poverty. Now, it’s 10 percent.
Social Security is more than retirement. It covers you if something goes terribly wrong – a financial crisis, loss of a spouse or parent, or disability. It protects you whether you are a 25-year-old starting your career, like my daughter, or a 78-year-old retiree, like my Mom.
There are misconceptions about Social Security. Here are the facts:
Nearly every working American – including me – pays into Social Security.
According to the nonpartisan Congressional Budget Office, Social Security can pay 100 percent of its commitments through 2052. After that, it will be able to pay 80 percent of benefits owed. We know Social Security faces long-term challenges, and I intend to be part of the effort to strengthen it for the long term.
But privatization is not the answer, because the numbers just don’t add up. In fact, the administration’s plan doesn’t do one thing to ensure the long-term security of Social Security.
Privatization will require cutting benefits by one-third or more – even for those who choose not to participate in privatized accounts. According to the Center for Economic and Policy Research, the average retiree can expect to lose more than $152,000 in benefits over a 20-year retirement.
The administration’s privatization plan also includes a “privatization tax” that reduces benefits by up to 70 percent or more. Essentially, as the government would initially lend workers the money to open a private account, they would require you to pay it back with interest when you retire, thus imposing an additional tax and reducing your Social Security benefits.
Beyond its deep benefit cuts, privatization would add $5 trillion in debt over 20 years. Much of that money would be borrowed from countries like China and Japan, which already hold half of America’s foreign-owned debt.
Our country now faces the largest budget deficit in our history. Taking on even more debt could destabilize financial markets, drive up interest rates, and stifle economic growth. All that Americans will own under privatization is nearly $17,000 in additional debt – the amount of new debt each man, woman and child will be responsible for if we privatize Social Security.
We must reject privatization schemes that just don’t make sense. We need to work together; there are small things we can do now that will have a big impact in strengthening Social Security. We also must develop innovative ways to promote savings, so more Americans can save for their future.
You can help. Visit my web site at www.stabenow.senate.gov/socialsecurity to sign my petition to reject privatization and to use my Social Security calculator to see how the President’s privatization accounts would affect your benefits.
Together, we can keep the security in Social Security.


 
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