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Brazoria and Matagorda Counties joined Galveston County in the Alternate Plan in 1982 and Harris County along with some 50 other counties were ready to join when Congress passed a bill in 1983 to "save SS." That bill increased taxes, gradually raised the retirement age and closed the door on other local governments withdrawing from SS. It was authored by former Congressman Jack Brooks of Beaumont. None of the current members of the Galveston escort shanghai County Commissioners Court were on the Court that adopted the plan and only 2 of 3 other officials are still in office. However there is now essentially 100% approval of the Alternate Plan among officials and employees as well as in the county as a whole, including labor unions and most hard core "Roosevelt democrats." I urge the Congress to closely examine the Galveston County plan and use it as a model for the nation. And you can strike a real blow for freedom if you will inform your Congressman and Senators and urge them to support SS reform that provides a mandatory retirement plan like Galveston County. That is really "saving
zdqrypj0831 The Alternate Plan has been marvelously successful for the past 19 years with a return on the retirement investments of over 8.5%. That is 3 or 4 times the return on SS investments right now, and we are not investing in the stock market. Even though the return from a stock market investment would have doubled our actual return, it was politically wise to buy annuities with a guaranteed returns. Furthermore the investments in escort insurance annuities are the same for all employees and are handled by First Financial after taking bids. As a result each employee need not be an expert in investments and there is no chance some employees will lose everything and others will make a huge gain. Those who criticize SS privatization because of stock market ups and escort shanghai downs, or the lack of knowledge of many employees in investments, have not done their homework or they would be aware of what we did in Galveston County. Each employee has their own retirement account which is there when they retire or is owned by their families if they die. In case of death the families also receive the escort insurance payment. This is not the case with SS. There is no account with your name on it and escort insurance is a pittance. Galveston County's plan is almost perfect with no risk except to pick strong first rate escort insurance companies. SS is no more secure than the Alternate Plan.
Brazoria and Matagorda Counties joined Galveston County in the Alternate Plan in 1982 and Harris County along with some 50 other counties were ready to join when Congress passed a bill in 1983 to "save SS." That bill increased taxes, gradually raised the retirement age and closed the door on other local governments withdrawing from SS. It was authored by former Congressman Jack Brooks of Beaumont. None of the current members of the Galveston escort shanghai County Commissioners Court were on the Court that adopted the plan and only 2 of 3 other officials are still in office. However there is now essentially 100% approval of the Alternate Plan among officials and employees as well as in the county as a whole, including labor unions and most hard core "Roosevelt democrats." I urge the Congress to closely examine the Galveston County plan and use it as a model for the nation. And you can strike a real blow for freedom if you will inform your Congressman and Senators and urge them to support SS reform that provides a mandatory retirement plan like Galveston County. That is really "saving
zdqrypj0831 The Alternate Plan has been marvelously successful for the past 19 years with a return on the retirement investments of over 8.5%. That is 3 or 4 times the return on SS investments right now, and we are not investing in the stock market. Even though the return from a stock market investment would have doubled our actual return, it was politically wise to buy annuities with a guaranteed returns. Furthermore the investments in escort insurance annuities are the same for all employees and are handled by First Financial after taking bids. As a result each employee need not be an expert in investments and there is no chance some employees will lose everything and others will make a huge gain. Those who criticize SS privatization because of stock market ups and escort shanghai downs, or the lack of knowledge of many employees in investments, have not done their homework or they would be aware of what we did in Galveston County. Each employee has their own retirement account which is there when they retire or is owned by their families if they die. In case of death the families also receive the escort insurance payment. This is not the case with SS. There is no account with your name on it and escort insurance is a pittance. Galveston County's plan is almost perfect with no risk except to pick strong first rate escort insurance companies. SS is no more secure than the Alternate Plan.
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