Andrew Roth - March 23rd, 2005
The Club for Growth issued the following press release today:bq. The 2005 Social Security Trustees Report was issued today, which indicated that the program’s financial condition is worse than previously expected. In response, the Club for Growth, the nation’s most influential organization dedicated to advancing economic growth policies, released the following statement:bq. “The findings of this new report come as no surprise. It confirms what we already know — that the Social Security program, in its current form, is unsustainable, and the days of reckoning are coming sooner rather than later,” said former Congressman and Club for Growth President Pat Toomey. “The good new is, if Congress follows President Bush’s lead and reforms the program by allowing younger workers to accumulate real savings in personal retirement accounts, they can avoid this disaster. It’s just common sense to change the ship’s course before it hits the iceberg.” bq. The Club for Growth was founded in 1999 as a nationwide membership organization dedicated to advancing public policies that promote economic growth. The organization’s PAC helps raise campaign contributions from its members for the most free-market oriented candidates in targeted congressional and other races. In the 2004 election cycle, the Club for Growth and its affiliates raised over $22 million and the Club’s PAC helped elect 16 new Members of Congress. The Club for Growth has grown 15-fold since 2000 to over 30,000 members today.