Statement By Rep. Benjamin L. Cardin On Republican Congressional Plan To Privatize Social Security

"In his State of the Union Address, President Bush challenged Congress to address the long-term solvency of Social Security by ensuring solvency for a 75-year period. The proposal being discussed by Congressional Republicans does nothing to address the solvency of the program. Instead of securing the Social Security Trust Funds, the Congressional Republicans plan would divert money from the Trust Funds, furthering threatening the future benefits of all Americans."

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