Barbara Boxer: “his plan will take us into the red. Combined with his risky tax scheme, he won't be able to bail out the people. So it…”

“his plan will take us into the red. Combined with his risky tax scheme, he won't be able to bail out the people. So it is a dangerous idea. Stock market investments are good, but not as a foundation of an insurance plan, which is what Social Security is. You will be hearing a lot more from the women Senators on our side of the aisle on this question because, under the leadership of Senator Mikulski, we have set up a checklist where we are going to judge every plan against this checklist that women should be able to count on. We should be able to count on several things: Preserving the Social Security guaranteed lifetime inflation and protecting the benefit; preserving Social Security protections to workers when they are disabled, as well as when they retire, and for workers, spouses, and children, and when workers are disabled, retired or die; three, protect against impoverishment of women by maintaining Social Security's progressive benefit structure; four, strengthen the financing of the Social Security system while ensuring that women and other economically disadvantaged groups are protected to the greatest degree possible. Look at that plan. Does it further reduce poverty among older women? I told you that his plan does not. We certainly want to see if it includes retirement savings options. Are these options something that will work for women? That is where we are.…”