Re: Fwd: GOProud Calls on Congress to Include Personal Savings Accounts in Any Social Security Reform Proposal

Funny how this was just a horrible idea when Bush mentioned it, yet
forward thinking when Clinton proposed THRICE anything Bush ever
dreamed of.

On Mar 4, 11:29 am, Bruce Majors <majors.br...@gmail.com> wrote:
>      [image: Goproud_email_header]
>
> For Immediate Release
> March 4, 2011
>
>  *GOProud Calls on Congress to Include Personal Savings Accounts in Any
> Social Security Reform Proposal*
>
> *Jimmy LaSalvia, Executive Director – "Personal savings accounts would
> provide gay and lesbian couples with the same opportunities as other
> Americans to provide for their retirement security."*
>
> (Washington, D.C.) – Today, GOProud, the only national organization
> representing gay conservatives and their allies, calls on Congress to
> include personal savings accounts in any social security reform proposal.
> "Personal savings accounts would provide gay and lesbian couples with the
> same opportunities as other Americans to provide for their retirement
> security," said Jimmy LaSalvia, Executive Director. "Personal savings
> accounts are not just good for gays and lesbians; by creating wealth,
> empowering individuals to control their own retirement and improving the
> American economy, they are good for all Americans."
>
> As Congressional leaders begin to look at ways to tackle the mountains of
> unsustainable debt we are saddled with, almost everyone agrees that
> entitlement reform – including reform of social security – must be a part of
> any comprehensive plan.
>
> "GOProud believes that the time for entitlement reform, and in particular
> social security reform, is now. The American people understand the
> unprecedented fiscal crisis we are facing and are ready for real entitlement
> reform," said LaSalvia.
>
> Plans that include personal savings accounts, like the roadmap proposed by
> Rep. Paul Ryan (R-WI), would be entirely optional. These optional accounts
> would allow individuals to place a portion of their FICA payroll taxes into
> personal savings accounts. Those who choose this option will have the
> opportunity to invest in funds managed by the U.S. government. This system
> would resemble the investment options available to Members of Congress and
> Federal employees through the Thrift Savings Plan.
>
> "Under the current discriminatory social security system, gay and lesbian
> couples are prohibited from leaving their benefits to their partner,"
> continued LaSalvia. "Personal savings accounts would be the property of the
> individual, they would be fully inheritable, and would allow gays and
> lesbians to pass their hard earned money on to whoever they choose."
>
> Creating personal savings accounts reduces future obligations payable by the
> pay-as-you-go social security system we have today. Only by reducing future
> obligations can we ensure permanent solvency to the system. "People can talk
> all they want about raising the retirement age, the truth is that such a
> move only extends the current Ponzi scheme. Simply raising the retirement
> age is akin to rearranging deck chairs on the Titanic because it does
> nothing to fundamentally save social security," continued LaSalvia.
> "Personal savings accounts are the only path to permanent solvency for
> social security."
>
> "In the weeks and months ahead GOProud will be fighting hard to make sure
> that leaders on Capitol Hill – on both sides of the political aisle –
> understand why personal savings accounts must be a part of any plan to
> reform social security," concluded LaSalvia.
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