Tom Harkin: “One thing I did not mention, but as he alerted the Senate, we are now…”

On the recordNovember 17, 2004

One thing I did not mention, but as he alerted the Senate, we are now being told we will not be able to meet our obligations under Social Security if we continue down this path. Therefore, what we need to do is somehow privatize Social Security and put it out on the stock market, like Enron stock, for future beneficiaries. Now we are going into debt further and further and we have huge tax breaks for the wealthy, for the most privileged among us, and we are being told we will not have enough money to pay our obligations under Social Security.

Said by

Tom Harkin

Democratic · Iowa

Source

govinfo.gov

Editor's note · Context

Discussing concerns about Social Security and proposed privatization during Senate debate.

Share on X Share on Facebook Email this quote

More from Tom Harkin

May 19, 2015

I introduced the Protect Student Borrowers Act with Senators Durbin, Warren and Murphy--and I want to thank Senator Warren for her great leadership on this issue and many other issues.

congress.gov

May 19, 2015

The Protect Student Borrowers Act would hold colleges and universities accountable for student loan defaults by requiring them to repay a percentage of defaulted loans.

congress.gov

Nov 17, 2014

Again, I thank the Senator for this clarifying question. Under this bill, State plans must include a certification that there are in effect in the State requirements that include the establishment of a grace period that allows homeless…

govinfo.gov

Apr 27, 2023

Tomorrow, April 28, is Workers Memorial Day, a day unions and others, here and around the globe, remember those who have been killed, injured, and diseased on the job.

congress.gov

View all Tom Harkin quotes

Other voices in this conversation

Tom Harkin: “One thing I did not mention, but as he alerted the Senate, we are now being told we will not be able to meet our…”

Editor's note · Context