This will not be your typical Washington do-nothing commission. This is a group of individuals committed to genuine Social Security reform. Even more important, the members understand that Social Security reform is not simply about keeping the program solvent. Reform means increasing the rate of return for young workers, giving people more ownership and control over their retirement funds, and allowing low-income workers to accumulate real wealth.
Workers deserve the best deal for their dollar.
Social Security reform must provide higher retirement benefits. Let individuals invest. The right way to privatize is by creating individually owned accounts, not by allowing the government to invest payroll taxes. Maximize consumer choice. Workers should be given as wide a range of investment opportunities as possible, consistent with safeguards against fraud or speculation.