Fix social security

Hi

In todays blog I will address the issue of fixing social security The first step is conservatives must get rid of the argument that any privatization plan will diminish benefits. We have seen this used to strike fear in seniors, and we know this is false. We must carry the ball to these seniors and explain the program to them, that will bring success.

The way social security works an employer deducts a percentage of the employees gross wages before any deductions. The employer must then match this deduction and remit the total to the government. Under a privatization plan instead of remitting this to the government a portion of the total would be sent to a separate account maintained in the name of the employee. It would be invested and the employee would have options as to how it is invested and the employee would be the sole overseer of this account. This nurtures and fosters the spirit of freedom, one controls his own destiny, not the government bureaucracy. Really, which do you prefer? And which do we need? Let's get this going now so this an issue for the 2010 congressional elections.

Under privatization the person would get to keep a portion of his contributions. This would be invested and accrue interest ,tax deferred, until drawn, presumably at a later time. Since the retiree would not have paid in a full amount into the government portion, the retiree would therefore get a lesser benefit. This is what the liberals preach, but it is only a half truth. There is no mention that the portion invested would grow and be available for investment with the control and the earnings going to the retiree. This investment income would more than offset the reduction in the government payout, therefore, more benefits for the retiree. The conservative movement must impress this on the retirees and near retirees or else we will never regain their confidence. Where have the voices of those in power been hiding? We have got to change this.

With the added increase in benefits paid comes another advantage to privatization, the fact that upon retirement the account would belong to the retiree, not the government. It would be available for distribution to the heirs just like any other asset held outside the social security system. Again we hear no voices explaining this to the American people,how come. We have got to start this grass roots movement to ignite the passion and the knowledge of what we want to do and why it will benefit the American public.

Please pray for our service people.
GOD Bless