Copyright AmeriCareToday 2009 S o c i a l S e c u r i t y Hey, Mister Are You Ready To Talk Now I’m ready to talk Repairing The AffaIr We can do something We can do something But only if we do something TOGETHER HARD BIG The significant problems of the day cannot be solved at the same level of thinking we were at when we created them All About the Rest of the People too www.aarp2.com Overview of the ACT 10 Point Proposal based on a commitment between the generations 1. Current workers agree to honor current Social Security retiree obligations without revision until the day the retiree expires 3. All agree to broadening the SS funding base in a fair and equitable manner by establishing an annual base line assessment or BLA to fund future SS retiree obligations; no more SS tax overpayments 5. Establish new member owned Community Investment Pods or CIPs in each of the 435 congressional districts across the U.S. 2. Current retirees support creation of new Individual Community Investment Retirement Accounts or ICIRAs for millions of average working Americans who currently draw a paycheck subject to Social Security taxation 4. Manage NEW (operative word) Social Security retiree obligations by initiating a thirty five year phasing out of NEW retiree obligations 6. Create a new source for funding local bonding needs, such as schools, bridges, roads, etc.; with the ACT proposal Wall Street Banksters are no longer needed 7. Establish a safety net, or insurance policy protecting against catastrophic losses in the workers new individual Community Investment Retirement Accounts or ICIRAs 8 Turn the current 2.6 trillion dollar general revenue fund special obligation bond (SOB) retirement liability into a 2.6 trillion dollar contingent liability over time 9. Establish a main street check and balance to protect the people’s interests, and shield elected representatives from special interest 10. Once again restore middle class working Americans by making them equity partners in the economic activity of their respective communities All About the Rest of the People Too www.aarp2.com The More You Make The Less Percent You Pay Our proposal establishes a BLA Social Security wage cap eliminated G R O S S D O M E S T I C P R O D U C T - G D P S o c I a l S e c u r I t y R e t I r e e O b l I g a t I o n THE BASE LINE ASSESSMENT - B L A ELIMINATE THE SOCIAL SECURITY WAGE CAP BLA PLUMBER PRESIDENT C E O 3.30 % 3.59 % 4.00% All Pay The Same Base Line Assessment N E W S o c I a l S e c u r I t y R e t I r e e O b l I g a t I o n s P h a s e d Out A t 2.857 % A Y e a r 57.12 % 00.00 % 97.14 % 1 YR. YR 15 YR 35 $1,000 $1,000 $1,000 $971.43 $571.43 $00.00 Phasing out NEW Social Security Retiree Obligations Over a 35 Year Period Social Security – Ending It To Save It Phases out NEW Social Security retiree obligations over a 35 year period N E W S o c I a l S e c u r I t y R e t I r e e O b l I g a t I o n s P h a s e d Out A t 2.857 % A Y e a r Social Security The ending of one era - The beginning of another G R O S S D O M E S T I C P R O D U C T - G D P Source going up and obligations going down It’s a winning combination All About the Rest of the People Too www.aarp2.com No matter what you make the same base line assessment, or BLA percent you pay Current Plan – The more you make the less you pay Keeping Your Retirement Dollars On Main Street 12.4 % 4 % 8.40% MEMBER OWNED B L A $ $ You Own It $ $ $ $ $ Keeping Their Hands Out Of Your Retirement Cookie Jar No More Wall Street Banksters You Gotta Love It $ Protecting workers I C I R As $ S O B $2.6 trillion dollar special Obligation bond liability As ICIRAs grow, the special obligation bond liability decreases $ $ $ Contingent Liability How About That? I Can Campaign On That $ $ $ COUNTY CONGRESSIONAL DISTRICT STATE ORIGINAL DISTRICT FOUNDER ACCOUNTABILITY BOARDS (ODF) ODF boards are populated with residents of the community, and mirror the profile of the community where they are located SPECIAL INTEREST LOBBYIST YOUR ELECTED REPRESNTATIVE O D F BOARD POLITICIAN My Client needs a special earmark to help pay for the new bridge into his new development 1 20 Member 30 Member 50 Member THE VOTER UH – You’ll have to sell it to my local ODF board Establishing Main Street Checks & Balances CURRENT RETIREES Lock in your retiree benefits without re-vision, and re-establish generational credibility with the next generations The ACT proposal - Something for everyone CURRENT WORKERS An opportunity to begin building a retirement estate, and support your parents/grandparents retirement benefits YOUTH OF AMERICA Ends the practice of kicking the can down the road, and gives the youth of America an improved opportunity for a better financial future COMMUNITIES Keeps retirement money in the community providing financial resources for business expansion and job creation POLITICIANS Whether a 2 year, 20 year or a newbie. This proposal provides an opportunity to right the wrongs of the past 28 years FINANCIAL MARKETS Turning a 2.6 trillion dollar general revenue fund liability into a contingent liability over time will generate positive financial outcomes There Is A Better Way www.aarp2.com A $26.95 Real Retirement Investment Radio show – every weekday morning 9AM (eastern) http://bit.ly/kAdSM0 All About the Rest of the People Too A Solid Ground Solution We can do something BIG We can do something HARD But only if we do something TOGETHER Won’t Back Down www.aarp2.com We are Americans