We support Personal Social Security Savings Plans.   Social Security is 40% of total federal taxes and 55% of the spending. When Social Security was enacted in 1935 it mandated one cent on the dollar for both employer and employee.  Today the tax has risen to 7.1 cents for both the employer and employee.

We need to consider offering, optional and voluntary, lump sum buy outs to Seniors at age 62 equal to everything they paid in plus interest.  They would have a choice - take the monthly checks or opt for the buy-out which would put their social security payments plus interest under their control.

Social Security funds will run out in 2024. In the year 2018 it will begin to run a deficit. (“American Solution” was used for part of this research.)

Because people assume Social Security will meet their needs for retirement, they do not save. Social Security reduces national savings by 40%; this in turns reduces the national wealth by 40%. This loss of savings reduces the Gross National Product by 5% each year.

We support HR 332 prohibiting illegal aliens from receiving Social Security.