On the recordJuly 20, 2010
Over the last 75 years, Social Security has been secure and reliable for Americans approaching retirement. For some Americans, it's the backbone of their retirement; for others, it's all they have. Six out of 10 senior citizens in our country receive the majority of their income from Social Security and four out of 10 widows do. As a matter of fact, after our country's most recent economic disaster, even more seniors were left with only Social Security to rely on because they saw their retirement accounts dwindle at the hands of Wall Street. We've already seen what can happen when we let Wall Street CEOs gamble with our life savings--we lose. We cannot afford to gamble with our Nation's golden years, and privatization is just that--gambling. We must work together to strengthen the promise of Social Security for our children and for our grandchildren and still meet the needs of those who depend on it now for income.
