Kendrick Meek: “the gentleman from Ohio's (Mr. Ryan) point as it relates to pointing out the trade deficit is the fact that Americans…”

“the gentleman from Ohio's (Mr. Ryan) point as it relates to pointing out the trade deficit is the fact that Americans, if we allow hypothetically, and I do mean hypothetically, in this Congress a privatization plan to go through this Congress the way the President and majority side would like to see it happen, then they are going to get a double whammy. They are getting a double whammy of not having high-paying jobs. And this is not just me talking. Folks can go to a number of third-party validators and even the White House itself said there will be drastic benefits cuts, benefits cuts to the tune of if someone is earning $37,000, they are going to get a 28 percent benefit cut than what they are experiencing right now. At $58,000, they are going to get a 42 percent benefit cut, and on and on and on. So there will be benefit cuts, and we have put that up front, and there will be a great gamble on the future of Social Security. So I am really pleased that the gentleman brought those charts because folks really need to understand, and this is from the U.S. Census Bureau. That is where he received that information.”