Bush's Social Security Proposal Would Hurt Women Worst
Republican presidential nominee George W. Bush is proposing a $900 billion plan to alter the Social Security system so that 2 percent of an employee's Social Security taxes would be placed in a private account for that person to control and invest as she or he wishes. Privatizing Social Security withholdings takes huge amounts of money out of the Social Security trust fund, which needs more money, not less, to remain stable and profitable. A weakened Social Security system means less support for many older people, 60 percent of whom are women. According to Judy Mann of The Washington Post, "It's a bad idea, and particularly bad for women."
Bush's privatization plan would be particularly detrimental to women because women typically earn less. A smaller paycheck means less money to invest in a private plan and less money to rely on in retirement. Women live an average of 7 years longer than men. These 7 years of additional annuities will cut into the total retirement package. And, women depend more on Social Security. Without it, 52.9 percent of women 65 and older would live in poverty-a figure that would become reality under Bush's plan.
11/25/2014 Marissa Alexander Has Accepted a Plea Deal - Marissa Alexander, the woman imprisoned for firing a warning shot in the presence of her abusive husband, chose to accept a plea deal Monday with the state of Florida, pleading guilty to three felony counts of aggravated assault.
As part of the plea deal, Alexander received three years imprisonment, but she will be credited for the time she's spent behind bars. . . .
11/24/2014 The City of Louisville Has Overwhelmingly Approved a CEDAW Resolution - The city of Louisville, Kentucky approved a resolution that will use the UN Convention on the Elimination of All Forms of Discrimination Against Women (CEDAW) as a framework for all future policy aimed at ending gender-based discrimination.
Councilwoman Tina Ward-Pugh introduced the resolution, which passed overwhelmingly on November 6. . . .