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Washington, D.C. -- Congressman David Wu released the following statement today in response to President Bush's State of the Union address:
"Since its inception, Social Security has been a bedrock that Americans have been able to depend upon.
"Each generation has questioned whether Social Security is going to be there for them and the answer has always been a resounding yes.
"The President has dubbed this a new crisis. He is developing a plan to privatize Social Security, which would ultimately dismantle it.
"Every privatization plan proposed thus far would reduce guaranteed benefits and expose people to Wall Street risk. We should preserve Social Security for future generations, but privatization is not the way to achieve this goal.
"This is an issue that requires attention to real numbers and serious debate."
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