Encouraging Savings and Investment: Stay the Course or Change Direction
April 28 , 2005, at 3:00 p.m. in 628 Dirksen Senate Office Building
Member Statements:
Charles Grassley, IA
Max Baucus, MT
Witness Statements:
Panel I
Ms. Michelle Simmons, Women's Opportunity Resource Center (WORC) account holder, Norristown, PA
Ms. Dorothy Beale, Women's Opportunity Resource Center (WORC) account holder, Philadelphia, PA
Mr. Chuck Palmer, President of Institue for Social and Economic Development (ISED), Des Moines, IA
Dr. Victoria Gonzales-Rubio, Principal of Delmar Harvard Elementary School, St. Louis, MO
Mr. Ric Edelman, Edelman Financial Services, Inc., Fairfax, VA
Mr. Mark Ernst, Chairman - President and Chief Executive Officer of H&R Block, Kansas City, MO
Dr. Michael Sherraden, Author of Assets and the Poor, Professor, Washington University in St. Louis, MO
Dr. Trina Williams Shanks, Professor, University of Michigan, Ann Arbor, MI
Mr. Fred Goldberg, Skadden, Arps, Slate, Meagher & Flom, LLP, and former Commissioner of the IRS under President George H.W. Bush, Washington, DC
Mr. Ray Boshara, Director, Asset-Building Program, New America Foundation, Washington, DC
Mr. David John, Research Fellow, The Heritage Foundation, Washington, DC
Again, the prupose of these hearings is to lavish praise on the Rethug plan to demolish Social Security. Private accounts are a terrible idea. No amount of lipstick on this pig of a program is going to change that.