Frank Pallone: “I know that the gentlewoman can be very hard hitting, and in some ways she is almost being nice about the Social…”

“I know that the gentlewoman can be very hard hitting, and in some ways she is almost being nice about the Social Security commission. It is not only the hypocrisy in talking about using general revenues that do not exist any more, but also they did not make it clear that any kind of privatization is ultimately going to aggravate the solvency problem. I know that there are different suggestions here, but there is no way to create these private accounts and take any percentage of the money away from the Social Security trust and invest it and not impact the solvency. They are disguising what they are doing with the three options; but ultimately by privatizing, they are making the solvency situation worse, not better. Maybe we need to be a little harsher about it than we have been, frankly.”