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The OASDI Trust Fund Public Finance Plan

Another of the cornerstone achievements of The Fix, is the creation of a public finance plan that eliminates all $13.6 trillion in looming Social Security Trust Fund deficits and creates a new retirement living plan the government cannot steal and accomplish all of this without a single dollar of taxation.  In point of fact, the book points out a plan that immediately ceases the requirement for workers and businesses to make any future "contributions" to Social Security and replaces the Social Security benefit with a fully funded alternative plan that provides a benefit even larger than the current average benefit of $1,059.10 per month!

The heart of the OASDI Trust Fund public finance plan is the creation of a new retirement program based upon solid economics and not political dogma.  Indeed, Clint Lovell's goal with the Social Security workout plan was to create a public finance plan the government couldn't steal even if it wanted to, as the plan is effectively shielded at all times by the "private-sector option" that allows private financial services companies to provide the ongoing benefits owed under the OASDI formulation to receive an enhanced benefit while future workers are put into the new plan that is fiscally-responsible and beyond the reach of Congress.

In creating the Social Security Plus workout plan, Clint Lovell continued his approach of using extremely conservative plan assumptions to ensure there would be a very high likelihood the plan would in fact perform in excess of expectations, including:

• GDP.  Clint uses the same reduced GDP benchmarks as he does in the other public finance plans instead of the projections of the government which are more often far too optimistic; and

• Worker & Employer Contributions.  Clint's plan assumes that all worker payroll contributions and all employer matching contributions immediately end on the first day of the new plan's operations and the resulting plan works without a single penny of taxpayer money.

• Defeasance Costs.  Clint used the same assumption that bond financing costs would be materially higher than they are today and only taper off as more and more of the plan's unfunded liabilities are eliminated; and

• Benefit Enhancement.  Clint used the assumption the new OASDI formulation would be approximately 5.00% higher than the current law formulation so as to provide an enhanced benefit to the most at-risk senior and disabled households; and

• Credits for Opt-Outs.  Clint assumed there would be no opt-outs of the current plan until the 16th year when the plan demonstrates a materially-significant increase over the current OASDI formulation, preserving the promise to be made to seniors that they can pick the current OASDI plan benefit or the Social Security Plus benefit when they retire with no penalty.

Learn more about what the New Economy will look like once we adopt Capitalism Version 2.0.  Order your copy of The Fix today!

Ordering Your Copy of The Fix

To order your copy of The Fix, click here and go to the order page.  All book sales are via this online bookstore or on eBay®.  For group orders and information on the financial opportunity owing to The Fix, please contact us via email at consultants@rainmakermarketing.com or via phone at 281.537.1200.

To learn more about The Fix, use any of the following links:

To learn about the proposal to change our current free-market capitalism approach into Capitalism Version 2.0 ("ultimate capitalism"), click here.

To learn about the component plans, use any of the following links:

• To learn about The Fix for Monetary Policy, click here.

• To learn about The Fix for Fiscal Policy, click here.

• To learn about The Fix for Social Security, click here.

• To learn about The Fix for Universal Health Care, click here.

• To learn about The Fix for Universal Education, click here.

• To learn about The Fix for Housing, click here.

• To learn about The Fix for Poverty, click here.

• To learn about The Fix for Corrections, click here.

• To learn about The Fix for Commercial Real Estate, click here.

• To learn about The Fix for Commercial Banking, click here.

To learn about the component public capital finance plan proposals, use any of the following links:

• To learn about The National Debt Public Finance Workout Plan Proposal, click here.

• To learn about The Social Security Benefit Public Finance Workout Plan Proposal, click here.

• To learn about The Universal Health Care Benefit Public Finance Workout Plan Proposal, click here.

• To learn about The Universal Education Benefit Public Finance Workout Plan Proposal, click here.

• To learn about The Universal Poverty Benefit Public Finance Workout Plan Proposal, click here.

• To learn about The Corrections Public Finance Workout Plan Proposal, click here.