Debbie Wasserman Schultz: “the two of us are from a State and from a region of a State where it would be expected that there would be deep, deep…”

“the two of us are from a State and from a region of a State where it would be expected that there would be deep, deep concern about the potential privatization of Social Security. Obviously, we have a disproportionately high percentage of senior citizens in my district and the gentleman from Florida's district. But like the gentleman from Ohio said, across all demographic groups, all regions of the country, there is no group that has wide or deep support for this concept, and that is because people are uncomfortable at every level with the explosion of the deficit and this proposal's potential to expand it even more. When I asked at my live town hall meetings whether people were confident enough in their own investment ability to be assured that their own investment decisions would carry them all the way through their entire retirement years, no one except for two people in three town hall meetings with more than 600 people in attendance, no one raised their hand, because look at the ebb and flow of the stock market; and this proposal is not backed by the full faith and credit of the United States. If people hit a bump in the road where one year the stock market is not going so well, it is whatever is left when they retire in that account with a proportionate cut in their Social Security benefits.”