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ok, i have a dumb question... i didn't watch bush's state of the union, but i watched a snippet of the news regarding social security reform. i work at a bank. so i see a few different kinds of social security checks. SSI, SSD, etc etc. would the effects of bush's social security reform effect those who receive social security for their
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The short answer is yes. Although maybe it won't come up. The President's social security plan needs to be approved by the senate and it is debatable if its even necesary. I don't understand the ins and outs of the whole deal too well, but it basically means that part of your social security payment would be earmarked straight to social security, but a significant portion would be available to you to invest on your own. The percentages of money given out in SSI's and SSD's wouldn't change (I hope), but the money available could change given any individual's use of that discretionary money. SSD's are just for the children of people earning social security, so they are more likely to change. SSI payments are supplementary payments to families with children with disabilities (i think it even stands for supplementary security income), so they'll (again, hopefully) only change with a household's income level. If President Bush is right, this could potentially lead to people getting more money out of social security, and by proxy, more money for disabled children. If the President is wrong, then this could lead to a lot of marginalized families having to work harder to scrape bye. I certainly hope I'm wrong about that last part.
Hope that helped, and I'm sorry I don't know more about the whole thing. I've become woefully out of touch the last few months.
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