A Quote by Jacob Hacker
Even people who feel perfectly comfortable investing in the stock market and owning their own homes often have qualms about individual medical accounts or Social Security private accounts.
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Do I want to see people take their Social Security payments and put them into private accounts, open up an eTrade account and go into the stock market? Absolutely not.
The president (George W. Bush) says let's have private accounts, and take the surplus money that's being gathered now in Social Security and put it into private accounts. That works.
In order to fix Social Security, we must restructure it so that we continue to provide for our Nation's seniors that are approaching retirement age, but allow for younger taxpayers to invest a portion of their Social Security taxes in private accounts.
What we should be trying to do is to encourage people to establish private retirement accounts and help them take pressure off the Social Security system.
By requiring that any surplus in Social Security taxes be returned to the American people in personal savings accounts, the plan ensures that Social Security taxes will be used for Social Security.
No matter how you cut it, this real debate on personal accounts is about the legitimacy of Social Security; it's not about the solvency of Social Security.
The stock market has an insidious effect on C.E.O.s' moods, because of its impact not just on their companies but on their own bank accounts.
To allow all U.S. workers to put part of their earnings into private investment accounts would definitely erode the Social Security system and cause uncertainty for new investors.
If in a discussion of many matters ... we are not able to give perfectly exact and self-consistent accounts, do not be surprised: rather we would be content if we provide accounts that are second to none in probability.
As part of Social Security reform, I believe that private savings accounts are a part of it - along the lines that President Bush proposed.
It's time to stop the raid on the Social Security trust fund and start allowing Americans to invest their Social Security taxes in personal savings accounts.
However, the Administration's plan to privatize Social Security will undermine retirement security for all Americans by cutting guaranteed benefits by more than 40 percent, and risky private accounts won't make up for the loss of benefits for millions of Americans.
President Roosevelt, the author of Social Security, was the first to suggest that, in order to provide for the country's retirement needs, Social Security would need to be supplemented by personal savings accounts.
I support voluntary personal retirement accounts for Social Security. It should be people's free choice.
So, you could often say things are terrible and that accounts for what happened, or things are really bright, and that accounts for what happened. Often, the real explanation for what happened is much more subtle and interesting and involves maybe small shocks or what a couple people did on a Wednesday morning that changed the arc of history.
Hillary Clinton is in political trouble and perhaps even legal trouble over her use of private e-mail accounts and bypassing government-issued accounts containing substantial amounts of information that belongs to the federal government. But ultimately, I don't think this latest controversy will hurt her presidential ambitions.
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