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“ Democratic priorities are clear: we will fight to get the economy back on track, we will create jobs, and we will help unemployed workers. ” |
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Pelosi: Social Security Benefit Cuts and Private Accounts Make It Harder for Americans to Achieve Financial Security
"This afternoon, Vice President Cheney tried to persuade American workers that the Republican proposal to drastically slash Social Security benefits and put their retirement benefits at the mercy of the stock market would somehow make it easier for them to save for retirement. Nothing could be further from the truth.
"Nonpartisan experts have determined that even under the most optimistic assumptions, private accounts will never provide retirement benefits that are equal to what Social Security provides workers today. The false promise of private accounts combined with the Bush Administration's proposal to cut Social Security benefits by more than 40 percent is a lose-lose proposition for American workers.
"Vice President Cheney spoke today about continuing the great American tradition of upward mobility. But so far, all the Republicans have offered is a massive cut in the only guaranteed source of retirement income that workers have. They are making Social Security weaker, not stronger. And they are making it harder for American families to achieve financial security.
"Democrats believe that Americans have paid into Social Security and deserve to receive the full benefits they were promised. Republicans are on the wrong track."
“ Democrats are united in presenting a New Direction for America, one that will make our nation as strong as its people, one that brings opportunity, security, and prosperity to all Americans. ”
Democratic Leader Nancy Pelosi
