| Did you know that a little under half of all nonmarried elderly women rely on Social Security for 90 percent or more of their income? And almost three fourths of African-American nonmarried elderly women rely on Social Security for 90 percent or more of their income. Did you know that the Social Security benefit reductions recently floated by the Bush Administration are much larger than needed to close the modest shortfall the program will face in 50 years? Under the proposal, benefits would eventually be 46 percent lower than benefits scheduled under the program as it currently exists. These cuts are large apparently in order help pay for the private accounts President Bush is promoting. Did you know that large corporations such as Boeing Co., Pfizer Inc. and Fidelity Investments, are spending over $5 million to promote Bush's plan to partially privatize Social Security? Find out more about Social Security. Read the AFL-CIO's Myths and Realities website to get the real facts about Social Security. Attend an event to learn more about President Bush's Social Security plan.
The National Academy of Social Insurance is holding a media briefing on Wednesday, January 26, at 10am at the National Press Club, to present both sides of the Social Security debate. See their site for more information. For more information about Social Security, visit the Coalition on Human Needs Social Security page.
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