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Monday, March 14, 2005

JC Watts: Time for Conservatives to Lead on Social Security

Personal Accounts Will Help Avoid Higher Taxes and Benefit Cuts.

...Social Security met the needs of the distant era when it was created and has provided dignity to seniors for generations. But times and demographics change, and this program designed in the 1930s can’t meet the challenges of the 21st Century.

We must maintain the current system and benefits for seniors and those nearing retirement, while offering new voluntary personal retirement accounts so that younger workers have the chance to build nest eggs of their own.

Personal retirement accounts would expand opportunity to millions of younger workers from all walks of life. These accounts could also be passed on to children and grandchildren, ensuring that no family gets shortchanged by Social Security.

The Social Security reform debate encompasses everything for which we conservatives have fought for so long: family values, economic opportunity and fiscal responsibility. We have a precious opportunity to improve the lives of all Americans. We have a president with the boldness to lead. The big question is whether we have the courage of our convictions.

My message for conservatives is clear. Let’s fix Social Security now. Let’s do right by our parents and grandparents. Let’s open the door to ownership for all Americans. Let’s put our fiscal house in order. And as the political battle heats up, let’s leave it all out on the field.

Full article here.


An issue that is not brought up enough during the Social Security debate is the fact that not only will you be able to have a say in your financial future with a private account, but the money that is saved can also be passed on to your children. When my parents pass on, I won't be able to receive any of the money they put away into Social Security all their lives. It'll just go back to feed the monster that is big government. It would be very nice if the money that's going to be taken away from me all my life for Social Security could eventually be passed onto my children. I'll never have that option unless we continue through with the reform needed to create these private accounts.

Unlike the current system, even if a private account created ZERO return, at the very least all that money that is still in the account after you die will be passed on to your children and grandchildren. Isn't that what the American Dream is all about? I think those of us who support the partial privatization of Social Security should work more at trying to get this point across.


 
conservativerebel.blogspot.com: JC Watts: Time for Conservatives to Lead on Social Security <body>

conservativerebel.blogspot.com

Monday, March 14, 2005

JC Watts: Time for Conservatives to Lead on Social Security

Personal Accounts Will Help Avoid Higher Taxes and Benefit Cuts.

...Social Security met the needs of the distant era when it was created and has provided dignity to seniors for generations. But times and demographics change, and this program designed in the 1930s can’t meet the challenges of the 21st Century.

We must maintain the current system and benefits for seniors and those nearing retirement, while offering new voluntary personal retirement accounts so that younger workers have the chance to build nest eggs of their own.

Personal retirement accounts would expand opportunity to millions of younger workers from all walks of life. These accounts could also be passed on to children and grandchildren, ensuring that no family gets shortchanged by Social Security.

The Social Security reform debate encompasses everything for which we conservatives have fought for so long: family values, economic opportunity and fiscal responsibility. We have a precious opportunity to improve the lives of all Americans. We have a president with the boldness to lead. The big question is whether we have the courage of our convictions.

My message for conservatives is clear. Let’s fix Social Security now. Let’s do right by our parents and grandparents. Let’s open the door to ownership for all Americans. Let’s put our fiscal house in order. And as the political battle heats up, let’s leave it all out on the field.

Full article here.


An issue that is not brought up enough during the Social Security debate is the fact that not only will you be able to have a say in your financial future with a private account, but the money that is saved can also be passed on to your children. When my parents pass on, I won't be able to receive any of the money they put away into Social Security all their lives. It'll just go back to feed the monster that is big government. It would be very nice if the money that's going to be taken away from me all my life for Social Security could eventually be passed onto my children. I'll never have that option unless we continue through with the reform needed to create these private accounts.

Unlike the current system, even if a private account created ZERO return, at the very least all that money that is still in the account after you die will be passed on to your children and grandchildren. Isn't that what the American Dream is all about? I think those of us who support the partial privatization of Social Security should work more at trying to get this point across.