A Quote by Debbie Stabenow
Privatizing Social Security doesn't make sense, and it's out of step with the fundamental value of ensuring that after a life spent working hard and contributing to the greatness of our nation, every American should have a secure retirement.
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Americans should be able to enjoy a secure retirement after a lifetime of hard work. But too many Americans reach retirement without enough savings to supplement their Social Security benefits.
I am staunchly committed to ensuring the long-term solvency of Social Security and preserving full benefits for Americans who have spent their entire working lives contributing to this program.
In America, we make a promise to seniors: After a lifetime of working and contributing to this country, you'll earn the benefit of a secure retirement, good health care, and peace of mind in your later years. To me, that's a commitment we have to keep.
I remain dedicated to building an economy that works for every American and every community. I remain committed to ensuring our security at home while also ensuring we lead the world in improving security around the globe.
The debate over Social Security should not be about how much we can cut from the program in order to balance the federal budget. The debate over Social Security should not be about raising the retirement age or limiting benefits. The debate over Social Security should be about retirement security.
Social Security should be phased out and ended altogether. ... Social Security in any form is morally irredeemable. We should be debating, not how to save Social Security, but how to end it - how to phase it out so as to best protect both the rights of those who have paid into it, and those who are forced to pay for it today. This will be a painful task. But it will make possible a world in which Americans enjoy far greater freedom to secure their own futures.
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.
As it has over the decades, the union movement stands for the fundamental moral values that make America strong: quality education for our children, affordable health care for every person-not just some-an end to poverty, secure pensions and wages that enable families to sustain the middle-class life that has fueled this nation's prosperity and strength. Union members and other working family activists don't just vote our moral values-we live them. We fight for them, day in, day out. Our commitment to economic and social justice propels us and everything we do.
Our government makes the simple promise of a secure retirement to every American who works for many years and contributes to our retirement benefit system.
No nation can make itself secure by seeking supremacy over all others. We all share responsibility for each other's security, and only by working to make each other secure can we hope to achieve lasting security for ourselves.
The American people need to know that there are folks here fighting as hard as they can for individual liberty, economic freedom, appropriate national security and the fundamental moral values that have made our nation the greatest nation in the history of mankind.
Higher wages for American workers are not just good for American families, they are good for our economy. I will keep fighting for a raise for hard working Americans so our families can afford housing, help their children get a quality education, and secure a good retirement.
Indeed, I think most Americans now know that in 1935 when Social Security was created, there were some 42 Americans working for every American collecting retirement benefits.
Social Security is an insurance policy. It's a terrible investment vehicle. Social Security has some great benefits. But it was never meant to be a savings plan. So we need to have a national debate. Should this 12.5 percent that we're contributing all go into a Social Security pool, or should half go into a mandatory savings plan?
One of the great threats to our national security is social cohesion. If people no longer believe that you can start out anywhere and end up at the top successfully in America, that the American dream is part of the past, I think that erodes a sense of belief and confidence in our nation.
We believe that our truly urgent need is to make our nation secure, our economy strong and our dollar sound. For every American this matter of the sound dollar is crucial. Without a sound dollar, every American family would face a renewal of inflation, an ever-increasing cost of living, the withering away of savings and life insurance policies.
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