Political Quotes

“investing Social Security in the stock market concedes to the hysteria manufactured by Wall Street. They exaggerate Social Security's actuarial imbalance and call it a crisis. There is no crisis. With current tax and benefit rates remaining constant, Social Security will pay 100 percent of the benefits of future recipients until 2032 without any change whatsoever. That is according to the most conservative estimates which assume extremely low economic growth rates and high unemployment. What private sector initiative can promise the same? What other program backed by the full faith and credit of the United States? None. Only Social Security is guaranteed. Privatization schemes trade away Social Security's guarantee for a Wall Street gamble. What goes up must go down. All forms of privatization constitute a cave-in and a back-track. Members of Congress will soon be offering a resolution that says Congress must guarantee that all obligations to current and future Social Security beneficiaries will be paid in full. Americans need to hear Congress reaffirm its commitments to its citizens. Stand up for Social Security.”