Congress reconvenes later today after a Memorial Day recess. U.S. Representative Connie Mack used the break to meet with constituents. He attended a chamber luncheon in Fort Myers Friday… and spoke to Hispanic leaders Saturday. Mack’s primary message: Social Security reform. He’s co-sponsoring a bill based largely on the president’s framework… which includes personal—or private—investment accounts. Mack points to safeguards in his proposal—and says the reforms would NOT affect people now receiving benefits.
“We’re talking about ensuring that people 55 and older would stay in the current plan, the current system, that exists right now. So, nothing would change for them. In the bill that I have co-sponsored, there’s a minimum guarantee—regardless of whether you’re in the current social security plan or if you go into a personal account.”
More information about the bill is available on-line. It’s U.S. House Bill #1776. Opponents of the plan deny Social Security is in serious trouble. And according to the AARP, the program was never intended to be an investment plan that would compete with market returns, nor they say the sole source of retirement income.
Monday, 06 June 2005 01:00