The fine print in the President's Social Security proposal is that all present and future workers under age 55 will have their promised retirement benefits cut.
quote by Mark Dayton
Submitted by Lucian Velea
Vote! | Copy!
Related quotes
The President and I agree that Social Security needs to be preserved so that we can ensure that all Americans receive the retirement benefits they've been promised. But we disagree as to how best to fix the system.
quote by Steve Israel
Submitted by Lucian Velea
Vote! | Copy!
Germany, I think, was first to substitute a Social Security program for its elderly based on this premise, that is, that we would tax workers to pay retirement benefits for those retired.
quote by John Shadegg
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!
As you know, Social Security functions under the premise that today's workers will help finance benefits for retirees and that these workers will then be supported by the next generation of workers paying into the same system.
quote by Steve Israel
Submitted by Lucian Velea
Vote! | Copy!
However, the Administration's plan to privatize Social Security will undermine retirement security for all Americans by cutting guaranteed benefits by more than 40 percent, and risky private accounts won't make up for the loss of benefits for millions of Americans.
quote by Ruben Hinojosa
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!
The president and Republicans in Congress have repeatedly promised to revisit Social Security privatization after November. But Americans have already said, loud and clear, that they don't want Social Security to be privatized or dismantled.
quote by Jim Clyburn
Submitted by Lucian Velea
Vote! | Copy!
Specifically, I am concerned about the long-term condition of Social Security. I am committed to ensuring that current beneficiaries and those nearing retirement face no reduction in benefits, while preserving this vital program for future generations.
quote by Cliff Stearns
Submitted by Lucian Velea
Vote! | Copy!
Since Social Security faces a large gap between what it promises younger workers and what it can afford to pay them, private savings will likely need to play a larger role in retirement planning for younger workers.
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!
Since Social Security was established by President Franklin D. Roosevelt in 1935 to ensure economic security for American workers, poverty among American seniors has dramatically declined.
quote by Steve Israel
Submitted by Lucian Velea
Vote! | Copy!
Indeed, I think most Americans now know that in 1935 when Social Security was created, there were some 42 Americans working for every American collecting retirement benefits.
quote by John Shadegg
Submitted by Lucian Velea
Vote! | Copy!
I will work with my colleagues on both sides of the aisle to preserve the Social Security promise that provides secure retirement benefits for all, especially those who are most at risk such as widows, orphans, and people with disabilities when the need arises.
quote by Chaka Fattah
Submitted by Lucian Velea
Vote! | Copy!
Without significant reform, the Social Security Administration will be legally and financially unable to pay full promised benefits within a generation.
The President's proposed privatization plan would jeopardize that security by cutting guaranteed benefits for future retirees and endangering the benefits of current retirees, people with disabilities, and children who have lost a parent.
quote by Chaka Fattah
Submitted by Lucian Velea
Vote! | Copy!
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!
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!
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!
You Promised Me
You promised not to hurt me,
You promised things were fine,
You promised that you loved me,
You promised you were mine.
You promised you meant what you said,
About our future love,
You promised that my heart could soar,
You said I was your dove.
You promised we would always laugh,
At our random lines,
You let me think I trusted you,
That you'd break my confines.
I put all my hope in you,
Because you promised me,
That you were my future,
That you would set me free.
poem by Catherine Mancini
Submitted by Poetry Lover
Vote! | Copy!
The President has no real plan to address the fiscal challenges arising from the retirement of the baby boom generation, let alone a plan to fix Social Security.