Letters 11-23-2015

Cheering From Petoskey While red-eyed rats boil fanatically up from the ancient sewers of Paris to feast on pools of French blood, at the G20 meeting the farcical pied piper of 1600 Pennsylvania Avenue thrusts a bony finger at the president of the Russian Federation and yells: “liberté, égalité, fraternité, Clinton, Kerry--Obamaism!”

The Other Mothers And Fathers Regarding the very nice recent article on “The First Lady of Yoga,” I have taken many classes with Sandy Carden, and I consider her to be a great teacher. However, I feel the article is remiss to not even give acknowledgement to other very important yoga influences in northern Michigan...

Drop The Blue Angels The last time I went to the National Cherry Festival, I picked the wrong day. The Blue Angels were forcing everyone to duck and cover from the earsplitting cacophony overhead...

Real Advice For The Sick In the Nov. 16 article “Flu Fighters,” author Kristi Kates fails to mention the most basic tool in our arsenal during Influenza season... the flu vaccine! I understand you might be afraid of being the victim of Jenny McCarthyism, but the science is there...

Keeping Traverse City in the Dark Our environment is our greatest asset. It sustains our lives; it drives our economy. We ignore it at our peril. Northern Michigan Environmental Action Council (NMEAC) has submitted letters of concern to both the city commission and planning commission regarding the proposed 9-story buildings on Pine Street. We have requested an independent environmental assessment with clear answers before a land use permit is granted...

All About Them Another cartoon by Jen Sorensen that brings out the truth! Most of her cartoons are too slanted in a Socialist manner, but when she gets it correct, she hits the nail on the target! “Arizona is the first state to put a 12-month lifetime limit on welfare benefits.” That quote is in the opening panel... 

Unfair To County Employees It appears that the commissioners of Grand Traverse County will seek to remedy a shortfall in the 2016 budget by instituting cuts in expenditures, the most notable the reduction of contributions to various insurance benefits in place for county employees. As one example, the county’s contributions to health insurance premiums will decrease from ten to six percent in 2016. What this means, of course, is that if a county employee wishes to maintain coverage at the current level next year, the employee will have to come up with the difference...

Up, Not Out I would like to congratulate the Traverse City Planning Commission on their decision to approve the River West development. Traverse City will either grow up or grow out. For countless reasons, up is better than out. Or do we enjoy such things as traffic congestion and replacing wooded hillsides with hideous spectacles like the one behind Tom’s West Bay. At least that one is on the edge of town as opposed to in the formerly beautiful rolling meadows of Acme Township...

Lessons In Winning War I am saddened to hear the response of so many of legislators tasked with keeping our country safe. I listen and wonder if they know what “winning” this kind of conflict requires or even means? Did we win in Korea? Did we win in Vietnam? Are we winning in Afghanistan? How is Israel winning against the Palestinians? Will they “take out” Hezbollah...

Home · Articles · News · Other Opinions · Let‘s Keep the...
. . . .

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.

  • Currently 3.5/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5