Social Security Privatization It's Your Money, Your Choice, Your Future

Brett DeHart (D)

I oppose Social Security reform that would allow workers to save a portion of their payroll taxes in a personal retirement account. Social Security is meant to meet a person's most basic needs in retirement, thus it must remain a conservative investment, guaranteed to be there. Just as with any successful investment strategy, you need conservative investments (S.S.) along with more aggressive investments (mutual funds, stocks). People should invest beyond S.S., but they must always be assured that their SS money is not jeopardized to do so. I worry that if an individual was allowed to invest some of their SS money and then failed in those investments, welfare would be forced to subsidize their income at the time of retirement to meet their most basic needs.

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