Video, 'young turks' channel on youtube. Demonstrates
Sen Sanders has created viable plan for SSA based on factual representation & data. This is how a Senator conducts himself in representation of his constituents and his nation. http://thinkprogress.org/economy/2011/08/25/304387/bernie-sanders-introduces-bill-to-lift-the-payroll-tax-cap-ensuring-full-social-security-funding-for-nearly-75-years/
Here is a short review-
http://www.huffingtonpost.com/nancy-altman/disentangling-social-secu_b_905227.html and Altman's well developed research data in text, "Battle for Social Security" on Amazon.
University of Chicago maintains its 'white papers' online. Austan Goolsbee, former (as of July 2011) Chief White House Economist drafted the real point of Rubio's statements--- the desire to privatize SSA for their ill gotten gain, as we've already seen how rapidly public monies can be siphoned: state and federal pensions, county services loss via mortgage bundle Wall Street fraud. Goolsbee correctly points out in his 2004 paper that to allow privatization would create only to this aim: "the single largest financial windfall in history to private financial managers" factored to be no less than $940 million in additional private financial manager fees while reducing the money each person receives from their SSA pension by 20% (monies each person pays into the investment of SSA ergo not 'entitlement;' it's called an 'investment.') Management fees for a program that has consistently run with unmatched efficiency for over 70 years; and an operating cost of .01 penny to the dollar handled that no private company can touch in comparison. The $940 million additional costs estimated is strictly for privatization management. How has privatization fared?
We've seen numerous examples of privatization management: Financial Crisis of 2008 Ringing any bells? Subsequent loss of state pensions and funds- Ohio, Wisconsin, Enron California- direct consequences of Financial managers/Wall Street 2000-2010. The most recent financial privatization management fiasco in FAFSA which Obama restructured, negating gop's black hole of waste spending in privatization & gross mismanagment; Obama's savings outlined in NYT, March 2010-
The new law will eliminate fees paid to private banks to act as intermediaries in providing loans to college students and use much of the nearly $68 billion in savings over 11 years to expand Pell grants and make it easier for students to repay outstanding loans after graduating. The law also invests $2 billion in community colleges over the next four years to provide education and career training programs to workers eligible for trade adjustment aid after dislocation in their industries.
The law will increase Pell grants along with inflation in the next few years, which should raise the maximum grant to $5,975 from $5,550 by 2017, according to the White House, and it will also provide 820,000 more grants by 2020.
We'll just not touch the horrific mis-management of privatization- but Afghanistan construction, private contractors, and FAFSA are easy enough to verify; as demonstrated.
Far more startling that anyone would pay attention to Rubio stems from the loss of income in Florida over the past 5 years from exodus of SSA main beneficiaries and Florida's main economic income contributors. Florida transplanted retiree's (62 yrs or older) brought in a median low of $2000 straight profit (not investments & job growth, those are much higher) beyond all state expenditures, per person; garnering 79% of the population migration demographics. Floridian retirees have been leaving Florida due to this very nature of representation, in marked numbers, since 2007 (Not to exclude mass exodus post illegality of presidential election 2004.) http://retirementliving.com/RLletterarchive_409.html#floridaloses and US Consensus 2010 gov.
Floridians- may want to organize immediately, taking a few play book pages from OH, WISC, VERMONT, & CA. The destructive economic course of your Governor is surely difficult enough without also contending with this virulent sock puppet who drives a large portion of your income producing population out of the state every time he opens his mouth, especially trying to sell a false revised version of history these same people actually lived through. (dolt!) Rubio- Florida's contributor to -5 GDP and +9.27 unemployment index. Neither of these indexes in Florida State gov index calculates the migration ongoing of your top economic contributing seniors; those lazy, weak, criminal retiree's that created the economic boon Florida used to enjoy prior to Floridians allowing GOP's loose in state gov.
Stark difference - video Rubio & Bernie Sanders. Sanders - plan to build on SSA's 2.6 TRILLION $ surplus for the next 75 years. Rubio? Chasing your income out of florida