POLITICS
11/21/2011 03:26 pm ET

Newt Gingrich Calls For Personal Social Security Accounts

The topic of innovation led Gingrich to foreshadow his plan to introduce later today a proposal for a personal Social Security savings plan for young people , which he promised would have staggering positive implications for savings, not only to the federal government but for private citizens.

"I'm outlining later on today a proposal for a personal Social Security savings account for young people, it would be voluntary choice. Keep the current system if you want to, or go the savings account model, and the best estimates are somewhere between 90 and 100 percent will voluntarily pick the savings account model," Gingrich said.

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