PowerPoint Presentation

Repairing the Safety NetA Final Solution for Social Security

A Persuasive Argument

By Bill LereDeVry University, 2012

For Professional Communication SPRB12 - Sec XProfessor: Stefan Donev

Copyright Bill Lere, 2012

1Really?What is Social Security? * A Safety net for retired folks * Support service funding for the handicapped * Safety net for children of catastrophe

Where did Social Security Come From? * Became law in 1935 * Part of The New Deal * A response to a needWeve heard it said that Social Security may not be there when we need it.

Photo by: larrydewitt.net FDR SIGNS SOCIAL SECURITY INTO LAW

2 What You need to know

It Has Stood The Test Of Time * Celebrating 77 years of solvency - Never missed a payment to eligible recipients - Has never bounced a check - Has never been a contributor to our national debt - Has a 2.6 Trillion Dollar Surplus ( 4.2 trillion by 2023 ) * Good for the economy - Puts money in the hands of consumers - fewer people on entitlement programs - Not Government Money Its yours. People Do Count on Social Security For Retirement SupportAnd support funding for the Handicapped

Thom HartmannBy: ncpssm.org

3 ( Scrap it, Overhaul it, or leave it alone? )

Is Social Security In trouble? * Underfunded? * At risk of financial failure? * next generation and beyond? Political and Controversial * Scrap it entirely? * Privatize it? * Raise the age of retirement? * Raise the cap for income withholding ? * Do nothing, It will be fine

Social Security has its critics who say its Time has come and gone.

By: socialsecurity.gov

4Rep. Peter Sessions, From TexasProponent of privatization

Privatization Means High Risk To You. How Do You Like The Wall Street Fix? Big Payday for Wall Street * 2.6 Trillion Dollars strong * 4.2 Trillion by 2023 Funds exposed to economic pressure * Remember the crash? * Great risk to your future * When its gone, its gone Funds become vulnerable to unregulated banking * Wall Street Casino * Retirement lost * profits at your expense One Option Is To Privatize The Wall Street Fix

Graph showing what can happen with your money if stocks crashPhoto by: MSNBCRep, Peter Sessions of TexasProponent of Privatization

5The only way to fix something that isnt broken is to: Make it Better!Dont change the program * Change how its funded * Remove the cap (take away the guesswork) * A fair percentage of all income ( over $10,000 )What it will do * Creates a level playing field * Creates surpluses from now on * Creates New opportunities * possible expansion of coverage

KEEPS WALL STREET OUT OF THE EQUATION!I know a way that would solve many issues: Remove The Cap Entirely

By: zazzle.com

6thedjholla.com

Social Security will be able to do much More Than It does Today

Much Higher Social Security Payouts * A living level of income * earlier retirement age Fully Fund Senior Care programs * Better living conditions for seniors * Unlimited access to all services Takes Pressure off of Medicare * No more co-pays * Reduced premiums or no premiums * Zero medication costs What About Those With Special Needs?

What New Opportunities Could Removing The Cap From Social Security Provide?

gagliano4corrales.org

7Another Area That Would Benefit By This Approach Is In The Area Of Those With Special Needs

Children And Adults With Handicaps * Education * Therapeutic Services * Special Medical Care * Every Day Living * ResearchWait, Theres More!

By: reachwi.org

8The Best Way To Address A Program That Has Worked Well For Over Seventy Five Years, Is To Help It Do Better At What It Already Does.

If it aint Broke.. Dont Break it!

Thank You The Bottom Line

The Author: Bill Lere

9References Hartmann, T. (July, 7, 2010). Top 5 social security myths. Retrieved from http://www.thomhartmann.com/users/zenzoe/blog/2010/07/top-5- socialsecurity_myths

King, T. T., & Cecil, H. W. (2006). The history of major changes to the social security system,the cpa journal.. New York,NY: Retrieved from http://www.nysscpa.org/cpajournal/2006/506/infocus/p15.htm

Sanders, B. (Performer) (10, 2010). Social security works [Web series episode]. Retrieved from http://www.sanders.senate.gov/newsroom/media/view/?id=0f71dff1- a24f-4710-b3aa-818345015d81

Sarlin, B. (June 7, 2011). House republicans look to privatize social security. TPM. Retrieved from http://tpmdc.talkingpointsmemo.com/2011/06/house-republicans-look-to-..........................privatize-social-security.php10