Sunday, January 23, 2005

Patricia Young on Social Security:

My hats off to Senator Lautenberg for his stance on Social Security. I too think it is a shame to gamble with a system that has provided secure income to millions of Americans since the New Deal. Two out of three elderly Americans rely on Social Security for at least half of their income. We can not afford to gamble on the ecomnomic well being of our seniors, disabled workers and children. It is estimated that it would take about $2 trillion in transition costs to shift from the current system to a privatized system. The Bush administration is willing to take on more federal debt to cover this change over. I think it is unconscionable at a time when the federal government is running record deficits. It looks like business groups, financial institutions and conservative think tanks are lining up behind the president, while labor unions, civil rights groups and organizations representing women and the disabled are joining liberal think tanks in opposing his plan. I think this speaks VOLUMES

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