Janice Schakowsky: “let me just say that it is no wonder, then, that the women's organizations, bipartisan women's organizations, are…”

“let me just say that it is no wonder, then, that the women's organizations, bipartisan women's organizations, are opposing this privatization plan. The American Association of University Women, the League of Women Voters, who go through a very rigorous process in order to come to a position. They are raising all kinds of concerns and say that diverting money from the Social Security trust fund into private accounts could hasten the insolvency of the fund. The result could include a substantial increase in the deficit and significant cuts in some or all of the Social Security's retirement and disability and survivor benefits. The National Women's Law Center, the National Council of Women's Organizations, the Older Women's League, all these organizations are opposed to these risky privatization plans.”