Cascade Commentary

Summary

Topamax without prescription, In just 10 years’ time, the Social Security system will begin to pay more each year in benefits than it receives in tax revenues. Giving every worker in America the same opportunity that federal workers have to save for retirement would allow everyone to create and fund their own protected retirement accounts that can never be taken away by Congress.

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For decades, one free-spending Congress after another has raided the trust fund that supports Social Security in order to spend money in other areas, order topamax no rx. More than $2 trillion that should have been saved for future retirees instead has been used to fund years of profligate spending by politicians from both parties. Canada topamax, In just 10 years’ time, the Social Security system will begin to pay more each year in benefits than it receives in tax revenues. Thanks to Congress, order discount topamax, there will be no money in the trust fund to help meet the shortfall.

However, an empty trust fund is just the beginning of Social Security’s problems, topamax without prescription. Topamax in uk, According to the Social Security Administration, there were 3.3 workers supporting each beneficiary in 2006. The rapid aging of our population means that by 2030 just 2.2 workers will be available to support each retiree, purchase topamax.

America is truly facing a fiscal and retirement security crisis. Buy no rx topamax, Current projections show a $13 trillion gap between the benefits we have promised to future retirees and what the program will actually collect in taxes.

“Current projections show a $13 trillion gap between the [Social Security] benefits we have promised to future retirees and what the program will actually collect in taxes.”

We can close some of this shortfall by raising taxes on the program—as Congress has done more than 20 times before—or by cutting promised benefits. Topamax without prescription, But these actions will only make Social Security an even worse deal for today’s workers. What is most disturbing is that even these changes will not protect American workers from having their benefits raided by future big-spending Congresses. Energy and Environment Committee on this issue, topamax online.

The Governor will also be pushing a measure to require all utilities to purchase a certain amount of “Renewable Energy” (the figure likely will be 25% but hydro does not count). Discount topamax, Since this type of energy costs more, your energy bills will be going up. This is a hidden tax on every Oregonian, but it hurts the poorest families the most, topamax without prescription. The bill has not appeared yet, topamax uk.

There is a better way to go. Cheap topamax internet, Every federal employee in America, from mail carriers to members of Congress, has access to what is called a “thrift savings plan.” This retirement account functions very much like the 401(k) accounts that are replacing many traditional pension plans in corporate America, order topamax no prescription required.

Federal workers have a choice about putting in their money. Topamax without prescription, They also have a choice in how that money is invested. Buying topamax online, When they retire, they own those assets and can even pass them on to their children after they die.

“Every federal employee in America, from mail carriers to members of Congress, topamax no rx required, has access to what is called a ‘thrift savings plan.’ This retirement account functions very much like the 401(k) accounts…in corporate America.”

It’s a great system for retirement. Price of topamax, I believe it is time to give every worker in America the same opportunity that federal workers have, rather than slapping yet another band-aid on an antiquated Social Security system that no longer works.

True reform of Social Security will allow American workers to create and fund their own protected retirement accounts with money that can never be taken away from them, cheap topamax from uk. These accounts can be funded by a portion of our payroll taxes and will contain low-risk investments that grow with the economy, Buying topamax, providing seniors with a secure retirement income and breaking us free of the Social Security death spiral.

A similar fix is available for Medicare, which is actually in even worse financial shape than Social Security, topamax without prescription. By expanding the current system of Health Savings Accounts, we can give workers a portable, sale topamax, tax-free way to save for future medical expenses. Topamax online sales, We still have a window of opportunity to help both current and future retirees. Protected retirement accounts will fix the broken Social Security system, take our money out of the hands of Washington politicians and keep it where it belongs— but the time to act is now, order discount topamax online.

Ted Abram is Executive Director of The American Institute for Full Employment. He can be reached at teda@hirecalling.com.

Attention editors and producers: Topamax without prescription, Cascade Commentaries are provided for reprint in newspapers and other publications, with credit given to author(s) and Cascade. Topamax online cheap, Contact Cascade to arrange print or broadcast interviews on this commentary topic.

Electronic text files are available online at www.cascadepolicy.org.

Please contact:

Nancy WheatonCascade Policy Institute813 SW Alder Street, Suite 450Portland, Oregon 97205

Phone: (503) 242-0900Fax: (503) 242-3822

www.cascadepolicy.orginfo@cascadepolicy.org

Cascade Policy Institute is a tax-exempt educational organization as defined under IRS code 501(c)(3). Nothing appearing in this Cascade Commentary is to be construed as necessarily representing the views of Cascade or its donors, or as an attempt to aid or hinder the passage of any bill before any legislative body. The views expressed herein are the author’s own.

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