Social Security Reform

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Issues Page 3

Social Security Reform

I believe we must change the retirement age from 62 to 65  for all, and start this by January of 2014 for all who are not yet 58. This will reduce the number of people who qualify, which will result in less out flow of both Social Security Funds and Medicare. Social Security is in trouble because we have voted for representatives…

 

I believe we must change the retirement age from 62 to 65 for all, and start this by January of 2014 for all who are not yet 59. This will reduce the number of people who qualify, resulting in less out-flow of both Social Security Funds and Medicare.  Social Security is in trouble because we have voted for representatives who have taken money from the Social Security trust fund to pay for entitlements such as the war on poverty.

We must put all Social Security monies in an account which cannot be accessed by anyone for anything other than to pay benefits to those who are eligible for Social Security, such as is being done presently. Thanks to the Johnson administration and his Great Society, Social Security is going broke now. No more funding the general fund with retirement monies! We need to privatize Social Security to insure future generations’ will be free from government interference.

No Social Security Funds for funding Abortions.

When you’re hurt on the job, it should be that insurer who has to pay the benefits to you for as long as you’re disabled. Also, if that results in a permanent disability without any possibility of retraining, then the company and the Workers Comp Insurance are the ones responsible for your income, not the Social Security System.

We must include in this program: When the disabled worker reaches the age of retirement, any difference between what he would have gotten and what he gets will be made up by Workers Comp and the company he worked for when injured. They are the responsible entities for this situation, not the federal government or the Social Security System or the taxpayer.  This cost will be guaranteed to the injured through a bond or other type of security in case the insurance or business dissolves.

We must set up a system through the private sector that protects those who are born disabled or are disabled for any reason away from work, through private insurance. The cost will be spread out through millions, as insurance is meant to work.

A similar system for workers is presently working in Chile. If we don’t do something to fix Social Security and Medicare, we’ll be broke by 2017. We must fix this now, not kick the can down the road of time.

We must set up a system for those under age 45 that will totally privatize this system, as in fact Social Security as it is set up is unconstitutional. We must require the federal government to repay all loans to the system, and continue – through the last person who qualifies for it – to fund it through both the current system and any funds from royalties collected from mining, oil, etc. This would guarantee its solvency until it is dissolved at the end of the life of the last recipient. Then all monies still in the system  put into the retirement funds of those working on a paid in basis.

I also want to set up a private system that would allow everyone below the age of 45 to begin to pay into a private account, such as a ROTH IRA. With their employers’ contributions – as with the Social Security System – and allowing no withdrawals from it except for retirement or disability, it will be there for all Americans, and their retirement funds will never be shouldered by others as a result of poor planning or bad management.  This plan will also keep the government out of our lives, and take away the control they now have over seniors due to the constant threat of lack of funds for Social Security because of the nation’s debt or lack of a budget. I know this plan will give future generations the freedom our seniors have not enjoyed for decades. This system will also allow your benefits to pass onto your spouse upon your death and your heirs as well, unlike the system we now have which enslaves us to the Federal Government to either stay single or lie to them to continue getting benefits.

The retirement age of the younger generation will depend on whether they decide to put more into the system than the minimum requirement. If they do, they’ll reap either a larger benefit at the end, or earlier retirement, which would allow for more jobs to those still coming up in future generations. However, the main goal is to stop the federal government from controlling our lives, which, as we all know, is unconstitutional.

It may be a shock to many, however, it is time we as Americans require a real solution to this problem that faces all of us and our children and grandchildren, and on and on. I don’t believe we have any leaders qualified or willing to come up with a real solution. I have paid into Social Security since 1962, and just received my first retirement check in October of 2011. I really want this fixed so my children, grandchildren, great-grandchildren, nieces, nephews et al don’t have to depend on a government – which has proven itself ineffectual – for their future.  Privatizing is the best way out and it is constitutional.

Now you know my ideas for real solutions to fix Social Security. If any of you have an idea you believe will work, don’t hesitate to share it with me or my staff.  Please remember we’re talking about a fix with total control and interest that is compounding over the years. Please just do the math. Even at 3% we come out ahead and FREE.

God Bless You All, Van