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June 22, 2005
House Proposal - Comments by Chairman Bill Thomas
WASHINGON – Today, four Members of the Social Security Subcommittee offered a proposal to ensure the Social Security surplus is spent on Social Security. The Growing Real Ownership for Workers – or GROW accounts – will protect the Social Security surplus by creating personal accounts. Ways and Means Chairman Bill Thomas (R-CA) made the following statement: I am pleased these four Members of the Social Security Subcommittee – who have spent a great deal of time examining the issues – have come together and offered a concept that is a common-sense approach. This proposal will likely form the basis for one of the components of a developing retirement security package. I applaud these Members for developing GROW accounts to ensure Social Security dollars are spent on Social Security, and I support their efforts to find common ground on which we can move forward.Posted by Andrew Roth at June 22, 2005 5:07 PM | Print
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