Drawing on President Bush's reform plan, which would allow citizens to transfer part of their Social Security contributions into personal accounts, an alteration of the current system is needed to make necessary change.
quote by James A. Leach
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By requiring that any surplus in Social Security taxes be returned to the American people in personal savings accounts, the plan ensures that Social Security taxes will be used for Social Security.
quote by Mike Pence
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President Roosevelt, the author of Social Security, was the first to suggest that, in order to provide for the country's retirement needs, Social Security would need to be supplemented by personal savings accounts.
quote by John Doolittle
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No matter how you cut it, this real debate on personal accounts is about the legitimacy of Social Security; it's not about the solvency of Social Security.
It's time to stop the raid on the Social Security trust fund and start allowing Americans to invest their Social Security taxes in personal savings accounts.
quote by Mike Pence
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We promote domestic savings by also things like the personal accounts associated with the president's Social Security initiative, which over time would generate more savings.
quote by John W. Snow
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Yes, prudently invested contributions to the Social Security fund may bring greater dividends, but those contributions would also face a greater risk. It would be like gambling. We should not gamble with the investments and the future of the citizens of this land.
quote by Daniel Inouye
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To allow all U.S. workers to put part of their earnings into private investment accounts would definitely erode the Social Security system and cause uncertainty for new investors.
quote by Grace Napolitano
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I was very concerned that President Bush is still trying to frighten or scare the American people with respect to the condition of the Social Security system.
quote by Paul Sarbanes
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Let me be clear, the discussions about Social Security are not about the retirement security of those Americans who are 55 or older - the Social Security system for those folks 55 and over will not change in any way shape of form - no ifs, ands, or buts.
quote by Norm Coleman
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Social Security Reform
They have found an answer for social security
Put them in a nursing home, no liability
Medicaid and medicare will probably have to pay
Then they'll only live a year or two and become their prey
The nursing home corporations, will get rich
And the social security payments, they can ditch
Who's powerful enough to point a finger at them
Some politicians is where it all will stem
The corporations make large contributions
Giving social security great solutions
Let's change the laws and cap health care liabilty
And hurt the care in nursing homes, supposed to be tranquilty
I guess when people get old, they don't need a voice
After all it's not their own, it's the goverments choice!
poem by Donna Nimmo
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However, the Administration's plan to privatize Social Security will undermine retirement security for all Americans by cutting guaranteed benefits by more than 40 percent, and risky private accounts won't make up for the loss of benefits for millions of Americans.
quote by Ruben Hinojosa
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What I heard was that Bush is now positioned to have victory after victory. He'll have Social Security reform passed, that he'll have tax reform passed, that he'll have conservative judges on the courts.
quote by Pat Robertson
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What we should be trying to do is to encourage people to establish private retirement accounts and help them take pressure off the Social Security system.
quote by Dennis Moore
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I wish that the Democrats would put some effort into Social Security reform, illegal immigration's reform, tax reform, or some of the other real issues that are out there.
quote by Jack Kingston
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I do not believe that the Social Security system is in crisis. The Social Security Administration itself recently reported that the system is able to pay full benefits as they are defined today until at least 2042.
quote by James T. Walsh
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Moreover, from reforming the tax code to our immigration system, to commonsense legal reform, President Bush put America on notice that he will continue fighting to make the country, and the world, a better place for future generations.
quote by Jim Sensenbrenner
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Under the current pay-as-you-go Social Security system, not one person is actually guaranteed benefits.
quote by Ginny B. Waite
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The President has no real plan to address the fiscal challenges arising from the retirement of the baby boom generation, let alone a plan to fix Social Security.
There's been a lot said about Social Security reform. What has been left out of the debate is the double tax on Social Security benefits. I believe it's time to get rid of a tax that punishes seniors and discourages work and retirement savings.
quote by Rob Simmons
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In order to fix Social Security, we must restructure it so that we continue to provide for our Nation's seniors that are approaching retirement age, but allow for younger taxpayers to invest a portion of their Social Security taxes in private accounts.
quote by Herman Cain
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