Our Hispanic community needs to understand how important the Social Security system is for not only its retired citizens, but also its disabled workers.
quote by Grace Napolitano
Added by Lucian Velea
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We are still waiting for the president to introduce a concrete plan. He has just hinted at what he is thinking about doing, but no one has seen a proposal.
quote by Grace Napolitano
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A Congressional Budget Office report released as recent as June 2004 says the system will be able to pay full benefits until 2052, and 80 percent after that.
quote by Grace Napolitano
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Our political leaders must be honest and forthcoming with data that will allow citizens to use facts and figures to judge for themselves what state Social Security is in.
quote by Grace Napolitano
Added by Lucian Velea
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The president's claim that Social Security is going broke is misleading at best. The sky is not falling, although there is no doubt that the system needs to be strengthened.
quote by Grace Napolitano
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To allow all U.S. workers to put part of their earnings into private investment accounts would definitely erode the Social Security system and cause uncertainty for new investors.
quote by Grace Napolitano
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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
Added by Lucian Velea
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Because of their low earnings and family obligations, Latinas would not be putting much money into private investment accounts. An average Latina could wind up losing thousands of dollars under this proposal.
quote by Grace Napolitano
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For people who have for been putting their hard-earned money into the system for years, the president's idea would replace their safety net with a risky gamble with no assurance of a stable return of investment.
quote by Grace Napolitano
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We must level with the people and explain to them that Social Security will first face funding problems in 2042 that can be fixed now with changes that do not undermine and ultimately drain from the entire program.
quote by Grace Napolitano
Added by Lucian Velea
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