AmericanFairhopeRetirement.com
Governor Rick Perry, of the Great State of Texas, called Social Security a 'Ponzi scheme' on Fox News program 'On the Record' with Greta Van Susteren, Nov 08, 2010. Check out Governor Perry's new book, Fed Up!
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"...when workers [Then 2005] in their mid-20s begin to retire, the system will be bankrupt" [Excerpt: President George W. Bush's 2005 Social Security Speech]
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The future collapse of Social Security and Medicare will probably cost a professional tradesman, technician or college graduate more than a million dollars ($1,000,000) over their forty year working careers.
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Under Fairhope provisions and if privatization occurred today, persons already over age 50 would remain on 100% Social Security with no change in benefits, unless they elect to do so during open-enrollment for privatization. What will actually be discussed here is a proposed transition plan from Social Security to the completely private American Fairhope Retirement Plan.
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The complete process, which is envisioned by the author, would require about fifty years before Social Security can be dismantled and completely eliminated. However, due to natural mortality of Social Security participants, the Social Security administrative complex would be continually down-sized over the next half century.
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Free Americans understand and believe that a good quality of life comes, by their own diligent personal work ethics. The statement "TANSTAAFL", which is otherwise interpreted as, "There Ain't No Such Thing As A Free Lunch"; captures the satirical truth that absolutely nothing is free in this life. Moreover; another and perhaps unseen person, is working, sacrificing and paying for that apparently "free lunch". (This saying was popularized by Robert A. Heinlein, the Grand Master and famous author of science fiction.)
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