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Social Security can meet 100 percent of its obligations until 2042--at the very least.  That's not to say we shouldn't take measures to strengthen the most successful U.S. program in history.  But President Bush's proposal to establish private accounts would be a disaster for working families.

Instead of making Social Security more secure, Bush's privatization scheme would slash guaranteed retirement benefits by 40 percent, greatly increase the federal deficit by nearly $5 trillion and allow Wall Street to make billions of dollars while opening up the system to corruption. 

We can strengthen Social Security by:

• Ending the "wealthy wage exemption" so CEOs pay the same Social Security taxes on their salaries as average workers pay
• Rolling back Bush's tax giveaways to the wealthiest one percent of Americans
• Making sure Congress lives up to its obligation that borrowed Social Security funds being held in U.S. Treasury bonds are returned to the Social Security trust fund
• Strengthening negotiated union pensions, since Social Security was never meant to be the sole retirement benefit

Social Security deserves to be strengthened—not privatized—because working families deserve the peace of mind that retirement benefits they have paid for and earned will be there when they need them.  Contact your Representatives now and urge them to strengthen Social Security—not weaken it with private accounts!