Barbara Boxer: “The President's solution to Social Security is to borrow, borrow, borrow, throwing us deeper into debt. I will tell you…”

“The President's solution to Social Security is to borrow, borrow, borrow, throwing us deeper into debt. I will tell you, this is not going to happen under our watch. I will show you one more chart very quickly. The plan the President has talked about a lot results in benefit cuts of 45 percent. The average yearly payment for a widow would only be $5,700. Who can live on that? Certainly not those of us here or those in the White House. Widows would be 35-percent below the poverty line if the President's plan goes into effect. We think Social Security Plus is a place we can start. Keep Social Security and strengthen it, as Ronald Reagan did. We can work together to do that for our young people. I think we can solve this problem and keep one of the greatest programs ever known in the history of our country.”