THE ACT PLAN

1. Honor current Social Security obligations without revision until the retiree expires.

2. Begin phasing out NEW Social Security retiree obligations over a 35 year period.

3. Establish a new Individual Community Investment Retirement Account (ICIRA) for every working American who currently draws a paycheck subject to Social Security taxation.

4. Return Social Security funding to a pay as you go taxing structure, and eliminate the current pay in advance taxing scheme, that creates a new social security IOU for every dollar of social security tax over payment.

5. Broaden Social Security funding source, and assess the obligation on a fair and equitable basis going forward; the plumber, President and CEO would all pay the same base-line percent; approximately 4%

6. Establish new member owned Community Investment Pods (CIPs) in every one of the 3,140 counties & parishes across the United States.

7. Establish a new funding source for local bonding requirements; schools, bridges, roads, etc. (Wall Street Banksters no longer needed).
   

8. Provide a safety net, or an insurance policy to protect against catastrophic losses in the individual retirement accounts (ICIRAs).

9. Turn the current 2.5 trillion dollar social security special obligation bond (IOU) liability into a 2.5 trillion dollar contingent liability.

10. No longer will millions of average hard working Americans be on the shore waving goodbye when the next economic ship sets sail; the ACT plan takes them off the shore, and puts them on the ship.