Although the Bush administration's attempt to privatize Social Security failed in 2005, President George W. Bush has made it clear he will revive a Social Security privatization proposal.

The 2005 proposal would have forced drastic cuts in retirement benefits for America’s workers—whether or not they chose to take part in the scheme.

It's likely the new plan will be similar to the one proposed in 2005. Take a look and see how that plan would shortchange your retirement.

Privatizing Social Security Will:

• Slash guaranteed benefits as much as $9,000 per year.
• Take away 70 cents in retirement benefits for every $1 in a private account and return the money to government coffers.
• Prohibit you from controlling the money in your private accounts. Politicians will pick Wall Street firms to control your investment accounts, a process corrupted by politics.
• Saddle our children with $4.9 trillion in debt over the next 20 years alone, most of which we would owe to foreign countries.

Get the Facts Select flier format. Available as a text or PDF file.
	What You Should Know About Social Security Privatization (Text or PDF—in English or Spanish)
	What Is Social Security? (Text or PDF—in English or Spanish)
	Don't Believe the Spin (Text or PDF—in English or Spanish)
	Social Security—The Backbone of Retirement
What Social Security Privatization Means for: Available as a PDF file.
	Women in English or Spanish
	Young workers in English or Spanish
	African Americans in English or Spanish
	Latinos in English or Spanish
	Asian Americans and Pacific Islanders
	Public employees in English or Spanish
	Manufacturing workers in English or Spanish
	Transportation workers in English or Spanish
	Retirees in English or Spanish
(Working Family Toolkit users: Make sure you're getting fliers from the Working Families Toolkit site.)

	Resources	Get more tools for fighting Social Security privatization from America@work.
	Get more links on Social Security privatization.
	Three million children get Social Security, too. Find out more.