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Press Release

    Key Vote "Yes" on DeMint Stop the Raid Amendment

    03/21/2007

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    Dear Senator:

    On behalf of nearly 850,000 FreedomWorks members nationwide, I respectfully urge you to VOTE YES on Amendment #489 to the Budget Resolution offered by Senator Jim DeMint to Stop the Raid on the Social Security Trust Fund.

    As many Americans now know, Social Security currently runs a surplus, but will begin to run a deficit by about 2017. What many have been surprised to learn is that Congress is spending the current Social Security surplus spend on whatever it wants—whether it is the $3,000,000 the federal government gave to the Cal Ripken, Sr. Foundation or the $1,700,000 it paid for the International Fertilizer Development Center. In exchange for these surplus dollars—about $449 billion total between 2008 and 2012—Social Security gets special IOUs that are legally and financially worthless.

    It is critical to fix this broken system and Senator DeMint’s “Stop the Raid” proposal takes an important step forward by ensuring that the Social Security surplus is saved using real assets (not more government IOUs) and begins the transition to a partially funded retirement system.

    Lawmakers that are serious about addressing America’s impending Social Security crisis and saving the system for future generations should support the Stop the Raid proposal.

    We will count your vote on Amendment #489 as a KEY VOTE when calculating the FreedomWorks Economic Scorecard for 2007. The FreedomWorks Economic Scorecard is used to determine eligibility for the Jefferson Award, which recognizes members of Congress with voting records that support economic freedom.

    Sincerely,

    Matt Kibbe
    President and CEO
    FreedomWorks