Posted on 04/26/2005 8:28:07 AM PDT by KyleM
Add ons are such a waste and redudant to IRA's, 401k's, etc.
Eliminate SS and let the $$ flow into the IRAs.
http://www.freerepublic.com/focus/f-news/1388136/posts
Conservative Republican congressmen want action from the Bush Administration on Social Security reform.
Rep. Mike Pence (R.-Ind.) warned Tuesday that House conservatives are growing increasingly frustrated by the lack of a concrete proposal from President Bush to reform Social Security with personal retirement accounts.
"A lot of us House conservatives believe you can't beat nothing with nothing," Pence told a gathering of journalists at the Heritage Foundation. "I really believe the time has come for the President of the United States to put a concrete proposal on the front doorstep of Congress and take that proposal in detail to the American people."
Pence, chairman of the conservative House Republican Study Committee, supports a plan known as Ryan-Sununu, named after its sponsors, Rep. Paul Ryan (R.-Wis.) and Sen. John Sununu (R.-N.H.). The White House has been coy about endorsing a specific proposal, but Pence said the lack of any Bush-backed plan is allowing Democrats to seize control of the debate.
"There's talk about phase one. Phase one is there is a problem. Phase two is the solution. I'm not quarreling with the [White House's] marketing tactic, but I'm just saying I think many House conservatives want to get to phase two," Pence said. "The unknown is always more frightening than the known, and it is advantage Democrats right now."
Pence has publicly clashed with Bush twice before: He voted against the No Child Left Behind Act in 2001 and led a revolt against the Medicare prescription drug entitlement in 2003 because both vastly expanded the federal government. Pence said he hoped a similar situation would be averted on Social Security. He said that's one reason he wants Bush to take his case to the American people.
"I have learned to never underestimate the persuasive abilities of President George W. Bush," Pence said. "This President, with a bill under his arm, is almost an irresistible force."
But until that happens, Pence said, the White House will continue to face a skeptical public. He said Americans understand the problem, yet they haven't been offered a solution.
"I've lost count of the number of times that I've been confronted at town-hall meetings by Americans who tell me about 'the bill,'" Pence said, recounting a typical conversation. "You know, 'What's in the bill?' What bill? I'm cosponsoring Ryan-Sununu, would you like to talk about that bill? 'No, no, the other bill, the President's bill.' The President doesn't have a bill. It goes on. It's like Abbott and Costello, 'Who's on First?'"
Welcome to FreeRepublic.
This entire issue needs to be dropped ASAP. It is killing the presidents ratings and giving the RINOs the feeling that they can vote down whatever bill the White House wants because he isn't popular anymore.
This is hurting us in so many ways from Bolton to the filibuster fight.
Not only that, it is only by carving out a portion of the payroll tax that is already being withheld that lower and middle income earners/taxpayers will be able to benefit from a reform. The people that would benefit most are typically not in a financial position to take advantage of an "add-on" program.
“They don’t understand that politics is the art of compromise,”
..."artifice" is closer to the truth.
Everyone knows that SS is a Ponzi/pyramid scheme - that the principal collected over all these years has been paid out to beneficiaries or the trust fund raided by Congress. I can't see how it will make things easier to divert money that was going to be paid in to support the boomers into individual retirement accounts for the current payors.
They keep telling us that there won't be enough payors to support the boomers. How will this help?
You positively REEK of troll.
I don't understand this, Galveston County opted out of the Social Security System for its own and is far better than SS.
I thought about taking me a sign:
"A President's Duty is to Protect its Citizens! Secure our Border Mr. President!"
Mike Pence MUST be our nominee in 2008! Let's make it happen!
"Rep. Mike Pence (R.-Ind.) warned Tuesday that House conservatives are growing increasingly frustrated by the lack of a concrete proposal from President Bush to reform Social Security with personal retirement accounts."
Does it appear that Rep. Mike Pence (R.-Ind.) is outing himself as something other than a conservative? Isn't that called a RINO?
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