Campaign to Save and Strengthen Social Security
December 2,1998
TO: President Bill Clinton, Congressional Leaders
FROM: Campaign to Save and Strengthen Social Security
The Social Security system, America's most popular government
program and the foundation of retirement security for millions of
workers, is rapidly approaching a crisis of demographics. The Social
Security system is facing a shortfall of $9 trillion and today's
young workers face a negative return on their lifetime FICA
contributions. It has become clear that the traditional solution
of raising payroll taxes is no longer viable.
We, the undersigned organizations, representing tens of millions
of Americans in fields ranging from academia to manufacturing,
jointly announce a national campaign to promote the reform of Social
Security according to the following principles:
- Preservation of the existing benefit levels for the currently
and near-retired;
- Permitting workers to invest a portion of their FICA contributions
into individually-controlled and owned Personal Retirement Accounts;
and
- Protecting all retirees with a government-guaranteed safety net.
We urge the nation's political leadership to work together to save
and strengthen Social Security with creative and growth-oriented
solutions to the crisis facing all of us, for the benefit of our
own and future generations.
Alliance for Worker Retirement Security
Small Business Survival Committee
Economic Security 2000
Third Millennium
Heritage Foundation
National Association for the Self-Employed
National Federation of Independent Businesses
United Seniors Association
Americans for Tax Reform
Sixty Plus
America's Future Foundation
The Seniors Coalition
Council for Government Reform
Business Roundtable
American Farm Bureau Federation
Hispanic Business Roundtable
National Restaurant Association
U.S. Chamber of Commerce
Dorcas Hardy, retired Social Security Commissioner
Coalition on Urban Renewal And Education
Citizens for a Sound Economy
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National Taxpayers Union
National Association of Woman Business Owners
Empower America
Competitive Enterprise Institute
Boomers USA
Center for New Black Leadership
Gypsum Association
National Small Business United
National Retail Federation
Alliance for Affordable Services
American Small Business Association
National Association of Manufacturers
IRET
National Center for Policy Analysis
American Greeting Card Association
Council on Economic Development
Employment Policy Foundation
American Legislative Exchange Council
Independent Women's Forum
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