The Right Reform
Representative Paul Ryan, R-Wis., is a member of the House Social Security subcommittee. He has a good article in the "USA Today" outlining the facts about a proposed program. Here are some of the points brought up in the article.
This fact is the big scare tactic that the left is using to alarm and instill fear that age group. No benefits are going to change.
Why? Because the future needs will be less on the Governments money. Each participant will have their own savings and interest that have accumulated in their personal accounts to draw upon.
The money used to fund Social Security today earns a meager 1.5% yearly on average. Today there is a little known plan called the "Thrift Savings Plan" that has been around since 1987. It has been gaining between 4% and 11% annually, depending on the choice of funds choosen. Risky? Not at all. Who would choose this plan? 3.3 Million Government employee's. See previous blog here. What's good for 3.3 Million Government Employee's is good enough for us!
We need to be able to pass 'OUR' money to our heirs. It is after all, citizens money, not the governments.
The choice is yours. To believe that there is no problem, or that it's too risky, or that it will cost too much is plain wrong. To strap future debt to our children is plain wrong. To use methods to scare and frighten seniors is wrong. It's time to do the right thing.
The USA Today article here.
Cross Posted @ OntheBorderline
This can and will be done without changing benefits whatsoever for those 55 and older.
This fact is the big scare tactic that the left is using to alarm and instill fear that age group. No benefits are going to change.
In fact, personal accounts help reduce the need to cut future benefits or raise taxes to restore solvency to Social Security.
Why? Because the future needs will be less on the Governments money. Each participant will have their own savings and interest that have accumulated in their personal accounts to draw upon.
Not only are personal accounts crucial to sustaining Social Security for future generations, they also deliver a much better return on workers' investment.
The money used to fund Social Security today earns a meager 1.5% yearly on average. Today there is a little known plan called the "Thrift Savings Plan" that has been around since 1987. It has been gaining between 4% and 11% annually, depending on the choice of funds choosen. Risky? Not at all. Who would choose this plan? 3.3 Million Government employee's. See previous blog here. What's good for 3.3 Million Government Employee's is good enough for us!
In addition to better benefits, personal accounts offer workers the chance to amass savings in accounts they own and can pass on to their spouse, children or other heirs.
We need to be able to pass 'OUR' money to our heirs. It is after all, citizens money, not the governments.
The choice is yours. To believe that there is no problem, or that it's too risky, or that it will cost too much is plain wrong. To strap future debt to our children is plain wrong. To use methods to scare and frighten seniors is wrong. It's time to do the right thing.
The USA Today article here.
Cross Posted @ OntheBorderline
posted by Anonymous @ 11:05 AM
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