ďWith 75 million Ďbaby boomersí approaching retirement, we must make some changes to keep the program financially strong for our children and grandchildren,Ē Congressman Minge said. ďI appreciate President Clinton getting this discussion started during his State of the Union address. As this debate moves forward in Congress, I want to be armed with comments and suggestions from people in our area. These town meetings are all about plain talk and finding solutions that people will support. I need your input on this critical policy issue that affects every American, working and retired.Ē
Congressman Minge will make a brief presentation to kick off the meeting. He will outline why Social Security reform is an urgent priority, lay out some of the different options being talked about in Washington, and then describe his requirements of any reform package. The bulk of the meeting time will be devoted to questions and answers and group discussion.
Options for Social Security reform include: ending the practice of borrowing from Social Security to pay for other programs; establishing individual Social Security accounts; investing in a prudent mix of private securities to improve Social Security Trust Fund earnings; increasing contributions; or limiting benefits.
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