A Quote by Mike Pompeo
I'm not sure that too many Americans would choose the president to manage their retirement accounts.
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Americans should be able to enjoy a secure retirement after a lifetime of hard work. But too many Americans reach retirement without enough savings to supplement their Social Security benefits.
Americans are free to choose everything from what they eat, drive and watch on TV to the President of the United States. Yet, when it comes to allowing Americans to choose the health insurance that works best for them and their family, the freedom to choose suddenly becomes un-American.
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.
There are not many people who understand that creative management is a very different thing than normal management. You don't manage accounts like you manage designers.
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.
The fact that President-elect Kennedy would be the first Catholic president did not sit well with many Americans. There was a fear that, as president, Kennedy's decisions would be based on his religion and dictated by the pope.
A secure retirement is one of the pillars of middle class life. For all too many Americans, however, that pillar needs more support.
Social Security is the foundation stone of that kind of retirement security. It not only needs to be strengthened in order to make sure it's there for younger baby boomers and Generations X and Y, but it probably needs to be strengthened and expanded because the retirement benefits now being offered by most employers are not sufficient to support middle-income Americans in their long years of retirement.
I would not vote to raise the retirement age to 70 because there are just too many Americans that work hard all their lives and just simply physically couldn't work until they are 70.
If only the majority of the wealthiest top 10 percent of Americans own stock directly - which does not include pension and retirement accounts - then the divide between rich and poor is likely to expand.
When it comes to the war in Iraq, the time for promises and assurances for waiting and for patience is over. Too many lives have been lost, too many billions of dollars have been spent for us to trust the president on another tired and failed policy that's opposed by generals and experts, Democrats and Republicans, Americans and many of the Iraqis themselves.
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 Americans, we can choose where we work and live, what we drive, which insurance plan is best for us, so why can we not give workers a choice when it comes to their retirement?
Americans are very mobile and move around and choose the communities they want. On the ocean people would be even more mobile and empowered to link up with people they enjoyed, and detach and move away from people they did not. Increasing choice is a way to foster fulfillment in people's lives. I choose my friends and I'd prefer to choose my neighbors too.
It was shocking to realize how many low-income Americans don't have savings accounts.
One of the strongest lessons I learned in doing six months of work on retirement topic was how absolutely crucial the Social Security system is for the great mass of Americans. The research of professionals and our own reporting convinced me that many millions of people are not capable of effectively managing the finances for their own retirement.
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