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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Sept. 18, 2001)
Politics -jj^ljiiesday 1 , September 18, 2001 U Hutchison: THE BATTALION Page 5 il stuk and ie tinii lizaiion^''' i-traditiwi w them if s with s' mgine ursday n: : nto bed. A,? lifestylf experien- I pm >) 846-3306 om for re® 1 inywhero- j rl ,d Desi* more safety for airlines I DALLAS (AP) — Sen. K.iy Bailey Hutchison announced Monday that she fe.i' introduced legislation to increase random deployment .?pt sky marshals on U.S. flights home and abroad. Saying they will be a deter- yrent to would-be terrorists. “We can no longer be blind to our worst nightmare. Ht has happened, and now we ■nust pledge that we will not ■dlow such cowards an unen cumbered opportunity ever Cgain,” Hutchison said. The lawmaker, who is Clie ranking senator on the Siviation subcommittee, ™aid the FAA has had tuthority to use sky mar- hals since TWA Flight 847 rom Athens to Rome was nijacked in June 1985. The measure would be temporary. After a year, the FAA would report to Congress on the success f the program and rec ommend whether it should be continued. “The American public needs to have the kind of security that an onboard peace officer would provide,” Hutchison said. Right now, Hutchison said, pilot and co- f pilot are responsible for deal ing with unruly passengers and more serious threats. Hijackers crashed four { planes last week, two into the World Trade Centers in New York, one into the Pentagon and another in Pennsylvania ‘T believe the pilot , should fly the plane — peri- : od,” Hutchison said. “A sky i marshal would relieve the l pilot and co-pilot of these S additional responsibilities.” PHOTO ILLUSTRATION BY ADRIAN CALCANEO • THE BATTALION 1 « Aggies must consider alternatives to Social Security for retirement By Jonathan Kolmetz THE BATTALION Texas A&M Professor Thomas Saving, appointed to President Bush’s Social Security commission in May, is directing his expertise on Social Security issues to a group of 18- to 22-year-olds he sees everyday in his work at A&M. Saving, the director of A&M’s Private Enterprise Research Center, said the younger generation needs to be political ly aware of the choices they make. “It’s about you guys, the young peo ple ... the 18- to 22-year-olds and their future and how much of their future earnings will go to taxes to pay for Social Security,” Saving said. “I am not going to pretend anyone 18 to 22 years of age is going to start saving for retire ment, 1 would not do that at that age. But in 10 or 15 years, when the current system goes into deficit, the young peo ple will be paying it.” More than saving for retirement. Saving said, “young people need to be in the investment part of their life.” Saving received his Ph.D from the University of Chicago and served on the faculty at the University of Washington- Seattle and Michigan State University before moving to Texas A&M in 1968. Saving said his appointment to the commission stemmed from the last eight years of his work with Medicare and Social Security issues. He testified sev eral times in front of the U. S. Senate and the U.S. House of Representatives in Washington, D.C., before being appointed to this position. Saving will continue to serve as the director of Enterprise Research Center and as an economics professor. Most of his work with the commission will be done through teleconferences. When the Commission has a full meeting, howev er, Saving must fly to Washington to participate. Social Security is also termed Old Age, Survivors and Disability Insurance (OSADI). Saving’s committee deals mainly with Old Age insurers. The Commission, following President Bush’s orders, will not make changes to the OSADI guaranteed to current and soon-to-be retirees. Because of a lack of future Social Security funding. Saving said, the com mission is charged with the goal of finding ways to change the younger generation’s Social Security packages and benefits. In 10 or 15 years, when the current system goes into deficit, the young people will he paying it. — Dr. Thomas Saving A&M economics professor If a change is not effective, young people will be paying for their Social Security through high taxes, he said. “We cannot tell people often enough that we [the commission] are not changing Survivors and Disability Insurance but are trying to find ways to solve the financing problems that Old Age Insurance will have in the future,” Saving said. One item on the commission’s agenda* is to allow young people to invest in their* OSADI through FICA taxes. “Taking the money that you are pay-I ing to FICA and putting it into an. account with your name on it, giving you the ownership, might be one way to solve the problem with Old Age Insurance,” Saving said. Right now, young people are at the mercy of a future Congress that will decide what to do with the soon-to-be deficit Old Age Insurance, Saving said. The younger generation needs to elect rep resentatives that will make the correct political decisions for their future, he said. Students seeking their first job often look at a company’s 40IK program or other retirement programs when deciding among their job offers. Saving said that in reality, 40IK and retirement programs are not an important consideration. “They are nice,” Saving said. “But the jobs are not going to be long-lived, and the most important thing to get out of your first job is what it is going to get you in future earnings.” AAA i Defensive Driving Lot-off-fan, Laugh-a-lot Ticket dismissal, insurance discount. M.-Tu. (6 p.m.-9 p.m.) or W.-Th. (6 p.m.-9 p.m.), Fri. (6 p.m.-8 p.m.) & Sat. (10 a.m.-2:30 p.m.) or Sat. (8 a.in.-2:30 p.m.) Lowest price allowed by law. $25 Cash 111 Univ. Dr., Ste. 217 846-6117 (In Bank of America. Next to Black Eyed Pea.) Walk-ins welcome. Arrive 30 minutes early. CP 017, C 0017 Located Belrind Ckicken Oil Co. CASH BAR & CATERING AVAILABLE PRIVATE PARTIES BANQUETS RECEPTIONS 260-7555 TOTAL TAN Bryan 846-4822 Tan America Beds In Bed Air Conditioning 4001 E. 29th St. | n Bed am/FM CD Winn Dixie Shopping Ctr. College Station 680-0055 1605 S. Texas Ave. Culpepper Plaza 2S.00 One Month Unlimited Tanning First time customers only. Not valid with any other offer. Expires 10-15-01. anyon Happy Hour 8:00 p.m. - 11:00 p.m. Every Night All Night Long on Thursdays! • Dance Music • Karaoke Wednesdays • Sunday & Monday Night Football on a Big 12 1/2 ft. Screen • With Drink Specials 217 University Dr. 979-846-4440 Call for Updates on Live Music! 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CB&I has career opportunities and a two-year management training program for: Civil Engineers • Mechanical Engineers • Construction Engineers Visit our booths at the: SEC Career Fair September 18-19 Construction Science Career Fair September 24-25 www.chicagobridge.com AlUmiTO w m .... Whofc&yion&'t' Aoo6 -- ■ Open 3:00 p.m. - 1:00 a.m. Everyday 693-4136 120 Walton Dr. Eastgate Across from Main Entrance to Texas A&M pf^Aggieland Depot"^ Unique Aggie Gifts - Diploma Framing Culpepper Plaza (979) 695-1422 Tammie Bissett (Changing of the Guard 2001) Signing September 21, 22 Call for times! Corps Miniatures Boot Cases www.aggieland-depot.com 4T
