A note from our event organizer at Northwestern, James D'Angelo:
Tim Penny, the former Democratic Congressman from Minnesota, came to speak at Northwestern on Wednesday about Social Security reform and the benefits of personal accounts.He opened up his discussion with a brief introduction of who he was and why he should be trusted on the topic of Social Security. He then moved straight into different topics including the current problems the system is facing, along with different ways people can invest money.
The students in the audience were especially intrigued by the information about investing, and asked a number of questions about different ways to invest money. Mr. Penny was extremely knowledgeable about the current system, and was able to answer all of the questions asked by the audience.
Questions regarding the benefits about the reform were quite prevalent, and Mr. Penny gave a satisfactory response to almost all of them. The audience thanked him for his time after he was finished with a hearty applause that I’m sure he enjoyed.
The former congressman stuck around for a while and answered a few more specific questions in a more informal setting with a few of the audience members. All of the people that I was able to talk to after the event agreed that the presentation was very helpful and a few even told me they were convinced into agreeing that personal accounts were the way to go.
The event definitely went very well, and I think that a lot of great points were discussed that really emphasized the need for PRAs.
