I'm dubious about having Social Security put into the stock market. I think that we have gotten very far away from the idea that there's something sacrosanct about retirement investments.
quote by Ron Chernow
Submitted by Lucian Velea
Vote! | Copy!
Related quotes
I was a stock broker once. I think there is an absolute place for market investments. But they should never be the basis of one's retirement. They should be an additional piece on top of a basic, secure, guaranteed retirement benefit.
quote by Barbara Boxer
Submitted by Lucian Velea
Vote! | Copy!
Let me be clear, the discussions about Social Security are not about the retirement security of those Americans who are 55 or older - the Social Security system for those folks 55 and over will not change in any way shape of form - no ifs, ands, or buts.
quote by Norm Coleman
Submitted by Lucian Velea
Vote! | Copy!
Because of my own experience with market fluctuation, I recognize the great risks one takes on investments. This converts the Social Security safety net into a risky proposition many cannot afford to take.
quote by Grace Napolitano
Submitted by Lucian Velea
Vote! | Copy!
In other words, Social Security is every bit as insecure as the stock market.
The 1993 Social Security tax penalizes seniors who have planned for their retirement through savings, investment and hard work. That's wrong, and that's why the double tax on Social Security must end.
quote by Rob Simmons
Submitted by Lucian Velea
Vote! | Copy!
There's been a lot said about Social Security reform. What has been left out of the debate is the double tax on Social Security benefits. I believe it's time to get rid of a tax that punishes seniors and discourages work and retirement savings.
quote by Rob Simmons
Submitted by Lucian Velea
Vote! | Copy!
On the other end of the spectrum, these women who do live long enough to collect Social Security face the challenge of being disproportionately dependent on the Social Security system for retirement income.
quote by Ginny B. Waite
Submitted by Lucian Velea
Vote! | Copy!
President Roosevelt, the author of Social Security, was the first to suggest that, in order to provide for the country's retirement needs, Social Security would need to be supplemented by personal savings accounts.
quote by John Doolittle
Submitted by Lucian Velea
Vote! | Copy!
In order to fix Social Security, we must restructure it so that we continue to provide for our Nation's seniors that are approaching retirement age, but allow for younger taxpayers to invest a portion of their Social Security taxes in private accounts.
quote by Herman Cain
Submitted by Lucian Velea
Vote! | Copy!
When one gets old and they are sick, there are not many things they can count on but they should be able to count on Social Security. Our seniors' retirement should never rely on the bull of political promises or the bear of the market.
quote by Barbara Mikulski
Submitted by Lucian Velea
Vote! | Copy!
Social Security is the very foundation of retirement security for millions of Americans.
Even people who feel perfectly comfortable investing in the stock market and owning their own homes often have qualms about individual medical accounts or Social Security private accounts.
quote by Jacob Hacker
Submitted by Lucian Velea
Vote! | Copy!
Social Security is not just the foundation of America's retirement dignity and security, it ensures the economic stability and strength of our families and our state's economy.
quote by Debbie Stabenow
Submitted by Lucian Velea
Vote! | Copy!
Social Security is not a retirement savings plan; it is a social insurance program. It's a contract that says, as a society, we will look out for you and your family when you can no longer work.
quote by Jeff Bingaman
Submitted by Lucian Velea
Vote! | Copy!
I agree that we must expand opportunities for retirement saving, but we must not undermine this worthy effort with a flawed privatization scheme that takes the 'security' out of Social Security.
quote by Mary Landrieu
Submitted by Lucian Velea
Vote! | Copy!
A lot of the money in the stock market is really our national retirement plan, for better or worse.
quote by Ron Chernow
Submitted by Lucian Velea
Vote! | Copy!
We really haven't had very much experience with people funding their retirement out of the stock market, and we don't know, frankly, how it would work under every scenario.
quote by Ron Chernow
Submitted by Lucian Velea
Vote! | Copy!
By requiring that any surplus in Social Security taxes be returned to the American people in personal savings accounts, the plan ensures that Social Security taxes will be used for Social Security.
quote by Mike Pence
Submitted by Lucian Velea
Vote! | Copy!
Today more people believe in UFOs than believe that Social Security will take care of their retirement.
quote by Scott Cook
Submitted by Lucian Velea
Vote! | Copy!
I believe that social security should be a universal retirement guarantee and not means tested.
quote by Steve Israel
Submitted by Lucian Velea
Vote! | Copy!