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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 Statement on Social Security and Medicare Trustees Reports
Washington, D.C. – House Democratic Leader Nancy Pelosi released the following statement today on the 2006 reports of the Board of Trustees of the Social Security and Medicare Trust Funds:
"Today’s trustees reports are another vivid illustration of the failures and missed opportunities of the Bush Administration. When President Bush took office, the
"This report, however, indicates that the Medicare solvency date has been moved forward to 2018, which is a direct result of the mismanagement of the economy, excessive subsidies to HMOs and the failure to constrain medical costs. Rather than using the
"The report reinforces one basic reality – in its current form, Social Security will be able to pay full benefits until 2040 and even after that will be able to pay 74 percent of benefits. This finding flatly contradicts Republican efforts to manufacture a 'crisis' in Social Security to justify a privatization plan that is unaffordable, unnecessary, and unwise.
"Democrats are committed to addressing the long-term challenge faced by Social Security and Medicare to ensure that American families receive the secure retirement they have earned. Unfortunately, the Republican majority continues to promote risky privatization schemes for both Social Security and Medicare."
“ 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
