Commercials <Click on picture for video> <Click on picture for video> <Click on picture for video> <Click on picture for video>
Keeping The Promise Of...
Social Security
Reform
-- Not long ago, news
anchor Tom Brokaw wrote a book about this generation of seniors called The
Greatest Generation. This country owes a great debt to the generation that
weathered the Great Depression and fought for freedom in World War II. It's time
we made good on our debt to America's seniors by modernizing our healthcare
system and strengthening Social Security.
Americans must come to realize that Social
Security faces serious financial problems in the not to distant future. At
present, there are four workers supporting every one beneficiary on Social
Security. By the year 2020,that ratio will dwindle to two workers for every one
beneficiary. Americans will either have to endure enormous payroll tax increases
or support systemic
reform.
Congress should move
immediately to reform and save Social Security.
Congress must expressly reject
any effort to raid the Social Security surplus or trust fund to finance new
government programs. Congress should inform the American people that the average
return on dollars invested in Social Security through payroll taxes amounts to
2.13 percent over the lifetime of the worker. By permitting workers to invest
even a small part of payroll taxes, workers could anticipate a possible return
of 12 percent.
Congress should
enact legislation which would permit workers to divert two percent of wages from
the worker's Social Security retirement taxes to a new individual retirement
savings account.
Congress should
support educational programs designed to prepare workers tomanage their own
personal retirement accounts.
Americans must come to realize that Social
Security faces serious financial problems in the not to distant future. At
present, there are four workers supporting every one beneficiary on Social
Security. By the year 2020,that ratio will dwindle to two workers for every one
beneficiary. Americans will either have to endure enormous payroll tax increases
or support systemic
reform.
Congress must expressly reject
any effort to raid the Social Security surplus or trust fund to finance new
government programs. Congress should inform the American people that the average
return on dollars invested in Social Security through payroll taxes amounts to
2.13 percent over the lifetime of the worker. By permitting workers to invest
even a small part of payroll taxes, workers could anticipate a possible return
of 12 percent.