Students Hope to Sway Congress on Accounts"Dozens of college students who support the accounts plan to spend Wednesday afternoon lobbying members of the Senate Finance Committee—after a news conference staged amid imported snow and ice sculptures in the summer haze hanging over the capital. '"The imagery has multiple meanings,' said Jonathan Swanson, a Yale University senior who co-founded Students for Saving Social Security. 'It can mean, 'Our future melting away,' or, 'Congress is giving us the cold shoulder,' or, 'Congress is freezing us out of the debate,' or anything else catchy you can think of.'" Opposing Groups To Target Key Lawmakers During Recess"In a memo circulated Wednesday at a CoMPASS meeting, coalition leaders highlighted statements by House Ways and Means Chairman Thomas and Grassley that indicate legislative momentum. The memo suggests that CoMPASS would encourage Republicans to move the process forward while also challenging Democrats. '"[W]e should bear in mind the broader objective of our coalition: to keep the legislative process on Social Security moving forward and to support those efforts,' the memo stated. 'And in working to move the debate forward, we also want to keep the pressure on those who oppose any action to engage in the debate.'" Montana State Representatives and Generations Together Urge Congress to Reform Social SecuritySocial Security Reform News "State Senator Gary Perry, along with a group known as Generations Together, gathered in Bozeman this morning to promote Social Security reform through personal retirement accounts. "Sen. Gary Perry said, 'Our Social Security system is failing. In the next twelve years social security will be paying out more in benefits than it receives in contributions.'" Social Security Reform Group Puts Pressure on Baucus "Several Montana lawmakers threw their support behind a campaign for Social Security reform Tuesday." "State Senators Corey Stapleton, R-Billings, and Kelly Gebhardt, R-Roundup, along with State Representative Elsie Arntzen, R-Billings, said privatizing Social Security will preserve the system for future generations. Stapleton said the Social Security issue will soon turn into a 'generational debate.' 'For us, it's a no-brainer that social security should change fundamentally and give us options to take ownership and potentially have more in retirement,' Stapleton said." From The FieldWashington, D.C.
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Snowstorm In July? Students Blanket the Capitol with 3,000 Pounds of Snow To Support Social Security Reform"School might be out, but college students around the country are staying busy—to protect their retirement. Students for Saving Social Security, a non-partisan student group with over 155 chapters in more than 40 states, is storming the Capitol for personal ownership over their retirement."
Did You Know?The Social Security payroll tax rate has grown from just 2 percent in 1949 to 12.4 percent today. Source: Cato Institute 
They Said It"Social Security surplus funds are spent every day, by Congress, on everything under the sun other than Social Security. This has to stop. We need to make sure that Social Security surpluses are not used for other purposes. We need to lock away the surpluses for Social Security. The best way to do that is to establish the personal accounts. Once money is in a personal account it can't be used for other purposes. It becomes your money with your name attached to it. Personal accounts lock the money away; they secure it for the employee who has paid into the system. They make sure that money is there for you when you retire. It puts integrity back into the system." U.S. Treasury Secretary John W. Snow July 7th |
