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October 04th, 2005White House Still Committed on Social Security
October 04th 12:32:58 AM
The Cato Institute notes that the Administration remains committed to reform:
On Thursday morning, White House Press Secretary Scott McClellan made it clear that the President remains dedicated to Social Security reform. "It is a priority that only gets worse with time and only becomes more costly with time. The President believes it needs to get done. He'll continue to lead on that issue," McClellan said.
Asked about the fiscal feasibility of making the transition to private accounts, McClellan said, "It's something you can't afford not to address...because when we're talking about the long-term challenges to our budget, you have to look at entitlements and you have to address that mandatory spending equation.... Each year that you wait, it only-it costs an additional $600 billion a year. That's why it's so important to move forward now and get it addressed."
Posted by Chris Schrimpf| Comments (0)
Another Young American Wants Reform
October 04th 12:24:39 AM
Daniel Geary a research assistant at the American Enterprise Institute wrote a good piece recently about the need for reform.
He writes:
"With rent, taxes, bills, and the occasional happy hour, saving for retirement isn't that easy. And for people with children, debts, or high medical expenses, it is even harder. This is precisely why giving young people the option of personal accounts makes so much sense.
With the amount of money that my employer and I pay in Social Security taxes this year, I could open an IRA or start making private pension contributions. Just $3,000 invested today in a conservative portfolio of stocks and bonds-given an average annual return of 5%-would result in almost $27,000 45 years from now. Making similar investments on a yearly basis would make for a sizeable retirement nest egg. Moreover, if actual Social Security taxes could go towards personal accounts, saving for retirement would be an option for everyone-regardless of income."
Posted by Chris Schrimpf| Comments (0)
Make some news
October 04th 12:20:11 AM
We've been having a lot of success getting stories in campus papers. Jonathan Swanson got mentioned in the Yale New Journal, Patrick Wetherille was written about in the Haverford News, Adam Nicholson had S4 featured in the Patrick Henry Herald. Have an event at your campus or talk to a reporter at your school paper. Get the story out there: Young people are fired up about personal accounts. We want ownership.
Posted by Chris Schrimpf| Comments (0)
October 02nd, 2005And the winner is...
October 02nd 11:48:59 PM
Posted by Chris Schrimpf| Comments (0)
Simple Fact
October 02nd 11:43:54 PM
A worker born in 1965 can expect a rate of return of less than 2 percent on Social Security.
Posted by Chris Schrimpf| Comments (0)
September 29th, 2005Congress Needs to Monkey-around with Our Money
September 29th 03:53:20 PM
The best Social Security video ever. We'd be better off having monkeys in charge of Social Security rather than Congress. Maybe instead of telling them to stop monkeying around with the trust fund, we should tell to monkey around, and give us personal accounts!
Posted by Chris Schrimpf| Comments (10)
September 28th, 2005AARP Throwing Our Future Away
September 28th 11:49:32 PM
Posted by Chris Schrimpf| Comments (1)
More on Both Parties are to Blame
September 28th 11:35:13 PM
Some Pork that Congress spends the Social Security trust fund on:
Rep. Don Young, (R - AK) - $223m for a bridge to an island with about 50 people on it and no roads.
Rep. Rick Boucher (D - VA) - $600,000 for Horse Trailes In Virginia.
Sen. Charles Grassley (R - IA) - $50m for a rain forest in Iowa
Rep. James Clyburn (D - SC) - $16m for a bridge to connect a town with 2, 000 to a town with 87.
Posted by Chris Schrimpf| Comments (0)
Details for Friday in Massachuttes
September 28th 09:05:41 PM
We hope lots of you guys will show up to help us in Cambridge, MA
Student Rally 1 p.m. Friday, September 30
Yankee fans and Sox nation agree on one thing!!!
Students for Saving Social Security, a non-partisan, grassroots organization on over 230 college campuses in all 50 states, will rally in Harvard Square, Cambridge, MA to illustrate our intense focus on an issue crucial to our generation. Americans under 30 currently pay one out of every eight dollars we earn into a structurally flawed system. The theme of the event is Yankee fans and Red Sox nation setting aside their differences to support this essential reform. We ask if Yankee fans and Red Sox fans can set aside their differences, why can’t Democrats and Republicans do the same thing?
Who: Students for Saving Social Security (www.SecureOurFuture.org)
What: Rally where Yankee fans and Red Sox nation set aside their differences to advocate their unqualified support for Social Security Reform.
When: 1:00 pm on Friday, September 30, 2005
Where: Harvard Square, Cambridge, MA (We’ll be set up nearby)
Here are a few extra details for S4 people:
1) Try to call me with RSVP and # of people expected; (917) 414-1926
2) S4 people should anticipate arriving btwn 11 and 12.
3) Bring extra clothing with Yanx and Sox logo's.
4) If they bring more than 15 people, DC office has approved miniIpod for top 2 chapter heads. Sorry about the tix.
5) We couldn't get any celebs on short notice. If lots of people make this one successful, it should dramatically help us for next time.
6) After the media event, we'll go around talking to people and getting video footage to use at a later date.
Posted by Adam Cahn| Comments (0)
bringing the discussion to campus!
September 28th 01:23:37 AM
BIG UPS to Raul Cisneros, Associate Administrator of the Small Business Administration (SBA), for speaking at a forum regarding Social Security reform and the Hispanic community!
here's what's up...
Wednesday's forum is being held at 12:00pm, at the Annandale campus of Northern Virginia Community College (NOVA), and will be hosted by S4, the Hispanic Student Union of NOVA, and the Hispanic American Center for Economic Research (HACER).
First, S4's own, Ursula will introduce the issue and the need for reform. Mr. Cisneros will then discuss the Social Security system in relation to minority communities. Following will be a brief period for Q & A.
So, if you're in the area, voice your thoughts and questions at:
Northern Virginia Community College - Annandale Campus
CE Building, Ernst Theater
8333 Little River Turnpike
Annandale, VA 22003
OWN IT!!
Posted by Ursula Williams| Comments (1)
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