RE: Bipartisan Consensus
- Date: Thu, 29 Apr 1999 16:47:01 -0400 (EDT)
- From: Michael Jones <powderfinger99@yahoo.com>
- Subject: RE: Bipartisan Consensus
Rep. Karen L. Thurman
<<<
In general, however, there is some agreement on the concepts of
1) using future government surpluses,
2) maintaining a minimum level of benefits, and
3) generating higher rates of return.
>>>
Reformers,
We must reject any attempt to use surplus funds (funds in excess
of normal government outlays expected to start in 2001 - not to be
confused with the Social Security surplus) to create retirement
accounts (USA's or otherwise).
Social Security must not be reformed by creating another retirement
entitlement using surplus dollars. This in effect will put even
more money in the hands of the government. This money is not needed
to secure the retirment of workers. We already send 12.4% of the
all the country's payroll now. This is more than enough money to
create personal individual accounts.
The only way to reform Social Security is to reform Social Security.
Not create another program. Budget surpluses are off limits. We
need higher returns. But not with money in excess of government
outlays. This money should be returned to the electorate.
Michael