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Opinion #1
Debater: play-doh
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Reform It, Not Abolish It
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Any reform to Social Security should not change the indomitable rule of providing a guaranteed benefit. Conservatives are correct when they state that the original intention of Social Security was not to be the sole source of retirement income, but simply provide that same benefit, but they are wrong by wanting to replace this guarantee with a doubtful benefit, nebulous in how much it would provide.
A popular example the same conservatives use is the success of the Thrift Savings Plan for government employees, but what they neglect to mention if this same plan is an add-on to the guaranteed benefit of Social Security. If they truly wish to provide all Americans with this option then they would not remove the benefit, but simply offer another choice that may increase the benefit for retired Americans. The government should allow Americans the ability to increase their Social Security benefit, it is a restraint on liberty to not do so, but, it is reckless to remove the safety net.
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Opinion #2
Debater: SelectSmart.com Staff
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Here's What the President Says:
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The President puts forth the following argument, which is part of longer speech he gives to selected audiences in "townhall meetings":
"As we fix Social Security, we must make it a better deal for our younger workers by allowing them to put part of their payroll taxes in personal retirement accounts.
Personal accounts would be entirely voluntary.
The money would go into a conservative mix of bond and stock funds that would have the opportunity to earn a higher rate of return than anything the current system could provide.
A young person who earns an average of $35,000 a year over his or her career would have nearly a quarter million dollars saved in his or her own account upon retirement.
That savings would provide a nest egg to supplement that worker’s traditional Social Security check, or to pass on to his or her children.
Best of all, it would replace the empty promises of the current system with real assets of ownership."
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Supporting URL[s]:
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http://www.whitehouse.gov
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