Support Personal Retirement Account

The Bush plan offers younger workers an opportunity for the same retirement security that their parents and grandparents have enjoyed. It is far superior to the alternative, which is some combination of massive tax increases and sharp benefit cuts.

It is a sign of the President’s seriousness and the responsibility of his proposal that he discussed directly the need to bring future retirement benefits into line with what the system can afford to pay.

Any PRA plan that ignores this necessary step will fall short of the President’s goal of permanently fixing Social Security.