A Quote by Bill Flores
If a country like Chile can fix its social security system, there is no reason a country as great as the United States... can't fix our Social Security system.
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You know, Floridians, we've paid into Social Security. Like a lot of other government programs, we sent money to D.C. We expect to get that money back. We expect that our Social Security is real. So, we have to fix Social Security.
Our country also hungers for leadership to ensure the long-term survival of our Social Security system. With 70 million baby boomers in this country on the verge of retirement, we need to take action to shore up the system.
The majority of Latinos in this country are 28 years old or younger. All of those people out there attacking the Latino community, when you see a Latino going down the street with a baby carriage and a couple of children walking beside them, they should say 'Hey, there goes my social security and my Medicare.' Those are the people that are going to contribute to keep our social security system funded and our medical system funded.
I do not believe that the Social Security system is in crisis. The Social Security Administration itself recently reported that the system is able to pay full benefits as they are defined today until at least 2042.
In order to fix Social Security, we must restructure it so that we continue to provide for our Nation's seniors that are approaching retirement age, but allow for younger taxpayers to invest a portion of their Social Security taxes in private accounts.
Of course the Republicans have long wanted to privatize Social Security and destroy it. But Social Security has been the most important and valuable social program in the history of the United States.
We ought to look at Social Security. We ought to ask ourselves the question, is there inherently something wrong with Social Security that a man like me is eligible for Social Security? There's something wrong with the system.
The reason is that Chile is the brightest spot in Latin America. It has very fast growth, low unemployment. It privatized its Social Security system, which we in USA were unable to do.
The President and I agree that Social Security needs to be preserved so that we can ensure that all Americans receive the retirement benefits they've been promised. But we disagree as to how best to fix the system.
And let us not forget the Social Security system. Recent studies show that undocumented workers sustain the Social Security system with a subsidy as much as $7 billion a year. Let me repeat that: $7 billion a year.
I think most Americans would agree that we need sensible solutions that fix our immigration system and deal humanely with aspiring citizens currently in our country. At the same time, these solutions must increase the security of our borders.
Lets all be reminded, 60 million Americans are on Social Security, 60 million. A third of those people depend on 90% of their income from Social Security. Nobody in this country is on Social Security because they made the decision when they were starting work at 14 that they wanted to trust some of their money with the government.
Imagine a country where the vast majority of seniors live in poverty, a country where for many there are no golden years, but a time of struggle and dependence. That was the United States before the creation of Social Security, which has proven to be one of the most effective and important government programs in our history.
On the other end of the spectrum, these women who do live long enough to collect Social Security face the challenge of being disproportionately dependent on the Social Security system for retirement income.
I think that one thing that people are missing is that we are never going to be able to fix this country's [American] economy in the long run until we fix our public education system.
Congress has changed the Social Security system over time, and over 20 times in the past Congress has raised taxes on Social Security in payroll taxes into the system.
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