Alert: 'Florida Taxpayer Opinion on the new 'Savings for Seniors Act'

[flpoljunkie]

(It's a Republican scam to build support to put the Social Security Trust Fund into the hands of Wall Street. Got this brochure from 'Citizens to Protect Seniors' Security' in the mail today. They neglected to mention that H.R. 234 was introduced by none other than big business tool Marsha Blackburn, R-TN., and also utterly and purposely failed to describe what her bill would do. Read below to see what the bill would do. In short, instead of buying treasury bonds, a 'Social Security Investment Commission' would 'study and report to the President and Congress on the most effective vehicles for investment of the Federal Old-Age and Survivors Insurance Trust Fund.' In other words, Wall Street. I recently heard on the teevee that when special interests want to get something done, Marsha Blackburn is the 'go-to' person.

I also assume they are send to people in other states, as well. Citizens to Protect Seniors Security is a project of Christian Seniors Association, a project of Traditional Values Coalition. They, of course, ask for a contribution to spread the word. They evidently think we are fools And, of course, there's no surplus funds right now.)

H.R.234

Latest Title: Savings for Seniors Act of 2011

Sponsor: Rep Blackburn, Marsha (introduced 1/7/2011) Cosponsors (11)
Latest Major Action: 1/7/2011 Referred to House committee. Status: Referred to the House Committee on Ways and Means.

SUMMARY AS OF:
1/7/2011--Introduced.

Savings for Seniors Act of 2011 - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to establish in the Federal Old-Age and Survivors Insurance Trust Fund a Social Security Surplus Protection Account to hold the Social Security surplus.

Denies the availability of the balance in the Account for investment by the Managing Trustee.

Establishes in the executive branch of Government a Social Security Investment Commission to study and report to the President and Congress on the most effective vehicles for investment of the Federal Old-Age and Survivors Insurance Trust Fund, other than investment in the form of U.S. obligations resulting in the transfer of Trust Fund assets to the general fund of the Treasury.

[onethatcares]

1. whenever you see the title of a bill introduced by the repukes,

expect it to be the reverse of what it says. i.e.: Clear Skys Initiative, Citizens to protect Seniors Security.

always remember, it's backwards day in the republican world.