Members of the Republican Party, and many Democrats stand with President Bush, and recognize that Social Security needs to be fixed now. While Social Security is sound for today's seniors, we must work together now to strengthen Social Security for our children and grandchildren. The longer we wait, the more difficult and costly it will be to fix the problem.
In 1950, there were 16 workers paying for every one beneficiary.
Today, there are about three; and, when the younger workers retire, there will be only two.
But while the number of workers paying in is going down, the promised benefits are going way, way up. For instance, a 20-year-old worker today is being promised retirement benefits that are 40 percent higher than a retiree today receives from Social Security after adjusting for inflation, but the system does not have the resources to pay those promised benefits.
President Bush's efforts will not change Social Security for those at or near retirement, and will not change payroll taxes but will allow younger workers to place some of their own payroll taxes in a voluntary personal retirement account - a nest egg they can call their own, government cannot take away, and they can pass on to their children.
Ask Sen. Jeff Sessions and Sen. Richard Shelby to keep working with the President and to preserve Social Security for our children.
Sign this petition and then ask others to join you.