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TOC/Forword
I. Taxes
II. Retirement Plan
III. Energy
IV. Campaign Finance Reform
V. Global Warming
VI. Subsidies
VII. The Border
Additional Points
Subject: Social Security is NOT going to be there when our children retire. That is a fact. It can not be saved. There is no trust fund and there hasn't been since congress folded the social security trust fund into the general fund and they began to spend it as if it were free. That happened back in the 60's. History does not lie. You look it up on who to blame.
PLAN: Let us presume a young person, in this case, a male, graduates from High School and goes to college or into the military for two years and enters the job market at the age of 20. Let us also presume that there is a mandatory retirement plan available through his employer where he could start out saving $45.00 a week from his paycheck, verifiable by his employer to a governmental agency, and this money would be put into an account that would be evenly divided between cash (with compound interest), conservative stocks and bonds with target allocation safeguards. Of course, there would be rules he must follow, such as, he would not be able to draw any funds from this account for any reason until the age of 65 years. This is a retirement account only. If he does not live to retirement age the account is frozen and given to his beneficiary. At the age of 65 years he would only be able to spend up to half of this money and after that he must live on the interest alone. The last rule he must follow is he shall also contribute to Social Security. The experts I have talked with agree he should easily average 7% growth over the 45 years. Since this retirement account will be mandatory, by law, it would be monitored and guaranteed by the U.S. Government. By the time our subject retires there would be very few people drawing Social Security. The retiree would have over $620,000 in his account and, presuming at that age; he would be debt free and could live comfortably on the interest alone. Now, let me add two other possibilities: Suppose he marries and they also have an account like this. Also suppose their employers matched part or all of these accounts. Under this plan everyone who works will retire wealthy and are able to afford their own health insurance and medication. No need for Medicare. These retirement accounts will be in your name, controlled by you and all legislative control will vanish. You will again be in complete control of your life. Of course, there will always be people in this country who refuse to work or are unable to work and we will always have to take care of them. The object of this plan is to reduce the size of the Federal Government, limit government involvement in our lives and restore more of our LIBERTY.