Merkley Introduces Major New Retirement Security Legislation To Give Every Worker Access To A Retirement Savings Plan…
WASHINGTON, D.C. — Today, Oregon’s Senator Jeff Merkley unveiled the American Savings Act, major new national retirement security legislation. The American Savings Act would give every worker without access to a retirement savings plan through their employer the ability to save for retirement through their own, personal retirement savings account …
We Respond & Your Comments
Way to go, Jeff! You & your buddies in Congress are going to “give” 68 million workers access to a government run retirement plan?
Will it be anything like the last one you “gave” us? You remember, Jeff – it’s called Social Security. It’s the retirement “security plan” that:
- Congress funded by taking money from our salaries to save for our retirement and then looted it to fund programs like teaching cougars to run on treadmills;
- Will probably pay us back less than we put in if we die before we’re 85;
- That pays a far lower return to those who put in more thanks to their higher earnings;
- Takes my money if I die without a spouse or kids;
- That has $60 trillion in unfunded liabilities.
We bet you’ll loot this plan just like you looted Social Security. So just keep it, Jeff. Don’t do us any more favors.
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