The myth is that people get their money back from Social Security. Not true. You get somebody else's money back. This is an intergenerational transfer.
Unbeknownst to most American investors, significant portions of their public pension, mutual fund, life insurance and private portfolios are comprised of stocks of privately held companies that partner with state sponsors of terror.
Well, George W.Bush wanted to privatize Social Security. It's an ideological thing.
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.
I'm not in favor of privatizing Social Security or making cuts.
We are going to stand and fight to kill the privatizing approach [to Social Security.]
All the Social Security Trust Fund Money Is Gone!
Of course the Republicans have long wanted to privatize Social Security and destroy it. But Social Security has been the most important and valuable social program in the history of the United States.
Our government workers should be treated fairly and appropriately. They should have a decent retirement, but not a gold-plated system where they can retire multimillionaires in their 50s.
I never sought to privatize Social Security.
Social Security is not just another government spending program. It is a promise from generation to generation.
Taxpayers should demand that their states honestly assess public pension plans, accurately measure the assets and liabilities, and take steps to provide fair benefits to public employees that limit taxpayers' liability.
I want to be able to look my daughter's teacher in the eye and say, 'Your pension will be there.' I need to know that her pension will match up with a promise we can keep.
We will maintain and honor the commitments made to people in the IPERS system.
Our government works should be treated fairly and appropriately; they should have a decent retirement, but not a gold-plated system where they can retire multimillionaires in their 50s.
