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Pres. Reagan thank you. Thank you all, thank you very much. Thank you. [cheering and applause] pres. Reagan it is great to be here, thank you. Please. A couple of weeks ago i talked about the state of our union and tonight i would like to talk about something i think in many ways is synonymous, the state of our movement. During the past year, plenty of questions have been asked about the conservative movement by some people who were surprised to find out that can 1980 there was such a thing. A powerful, new Political Movement capable of running a victorious National Campaign based on an unabashed appeal to the American People for conservative ideals and principles. We conservatives have been in washington for a while and we occasionally need to remind ourselves what brought us here in the first place. Our unshaka ....
So personal savings can only go so far for these individuals. At the same time though Social Security treat single women far less well than it does married women so they are not getting much help from that end of things either. Thats one reason i and others have proposed reforming Social Security to provide a flat universal benefit for all retirees regardless of income participation. On top of that individual would save in accounts provided through their employer or of not available through the government. This approach is qualitatively similar to that of the u. K. Australia canada and new zealand. In the u. S. Context you can affordably reduce the elderly poverty rate from todays level of roughly 9 to approximately 0 while increasing the Retirement Savings among the middle and high highincome workers who truly sho ....
At seven pm eastern. Coming up, the Senate FinanceCommittee Hears testimony. Tax and retirement policy analysts speak about the gap between how much americans are saving and savings needed. This runs two hours. The finance committee will come to order. When you take a look at the state of Retirement Savings in america, america, it is clear that something is out of whack. The american taxpayer delivers 140 140 billion each year to subsidize retirement accounts, but still millions of americans nearing retirement have little or nothing saved. The fact is, the, the incentives for saving and the american tax code just are not getting to those in need them most. A pair of new studies spells out the issue. The Federal Reserve found last month that an employee with m ....