Richard “Chip” Peterson
The “FIX SOCIAL SECURITY” Candidate
Congressional Campaign Issues
Social Security is underfunded by at least $3,500,000,000,000. That was admitted by the Social Security Administration March 17, the real problem is worse. Feb. 27,2003
Alan Greenspan proposed to Congress that social security be reindexed for inflation. The Clinton Administration made similar moves. Such approaches provide a sneaky way to reduce the purchasing power of social security benefits over time—thereby hurting poor older retirees. Other people propose doing nothing now—which will result in reduced benefits, higher retirement ages, higher taxes, and reduced productivity later.
I am opposed to sneaky ways to solve the Social Security
problem. I am also opposed to letting the
problem fester until the baby boomers retire—as then it will be too late.
To be fair, changes in social security should be
aboveboard and give people fair warning. Things
that should be done soon are:
Increased “normal” retirement ages need to be phased in
with plenty of advance notice so people can plan their retirements. “Early”
retirement should still be permitted with reduced social security benefits.
People should be allowed to save in a tax advantaged manner—perhaps by depositing some of their social security taxes in
“personal security accounts.”
could use those savings to retire early or supplement their retirements.
We need to take steps now to increase national productivity in the
greater productivity, the nation can support retirees better. Thus, we need to
reform our tax system so people will work harder, invest productively, and
accumulate capital that will make them more productive. Hence, we need
a. Simpler taxes and lower tax rates
b. An end to double taxation
c. An end to the estate tax
d. Reduced regulation—as
excessive regulation reduces productivity
Less wasteful government spending—wasted
resources do not help retirees.
Good education—so young people can
become more productive.
Easy immigration for those who want to
work (but not terrorists or welfare seekers)—as new workers will help support
Strong national defense--- to keep what
As a Libertarian, I also support
the principles established by our founding fathers in our Constitution and Bill
of Rights, as those principles made our country
great and now, too often, are under attack by an ever growing government. This
means that I strongly support the rights enumerated for citizens and the states
in the first 10 amendments to our nation’s constitution.
So, on election day, May 3rd. Please Remember:
vote for Richard “Chip” Peterson will
send a message to Congress to get serious
about fixing social security honestly and in an aboveboard manner. “The more
votes I receive, the more serious they will get.”
Paid by Richard Peterson Campaign, Richard Peterson,
Treasurer. P.O. Box 93417,
Lubbock,TX 79493-3417 .
Donations welcome. For more
information see my Website:
Email Chip with any questions., Chippete@aol.com
Richard Peterson Campaign, Richard Peterson treasurer