This August marks the 75th anniversary of Social Security here in America. And our seniors say thank God we have the Social Security system. Over 5 million Americans currently rely on Social Security every year, including retirees, disabled Americans, who we just honored yesterday as well for serving here, and the survivors of deceased workers. Unfortunately, on the 75th birthday, Social Security again faces a threat from congressional Republicans who want to privatize, I state, who want to privatize and dismantle our current system. From our Republican colleagues, it's the same failed policies of the past. President Bush and the congressional Republicans pushed Social Security privatizing and benefit cuts in 2005. Now, in 2010, we must tell them 'no.' If Republicans had been successful in 2005, seniors would have lost trillions more in the stock market meltdown of the Bush administration. Hardworking Americans simply cannot afford the same old failed Republican policies of the past. We must continue to fight and move our economy forward.
Editor's note · Context
The speaker addresses the 75th anniversary of Social Security and opposition to its privatization.
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