A Quote by Debbie Stabenow
We need to build on the success of Social Security by developing bold and innovative ways for Americans to build wealth and save for retirement. I believe we can work together in a bipartisan manner to accomplish these goals.
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We want to develop innovative ways to promote savings so more Americans can save for their future, but first we need to reject privatization schemes and work together to strengthen Social Security.
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.
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People build continuity into their life: Places, friends and goals. We go to work on Monday with plans for Friday night, enroll as freshmen intending to be seniors and save money for retirement. We try to control what comes next and shape it to meet our will.
The main purpose of Social Security is to redistribute wealth, to make an increasingly large number of Americans dependent on government for their basic needs in their retirement years.
Social Security is the foundation stone of that kind of retirement security. It not only needs to be strengthened in order to make sure it's there for younger baby boomers and Generations X and Y, but it probably needs to be strengthened and expanded because the retirement benefits now being offered by most employers are not sufficient to support middle-income Americans in their long years of retirement.
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I believe that as a nation we must have a bipartisan discussion about how to best preserve and protect Social Security for our seniors and for future generations of Americans.
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Social Security is the very foundation of retirement security for millions of Americans.
My fellow Americans, we can only build our bridge to the 21st century if we build it together, and if we're willing to walk arm-in-arm across that bridge together.
Social Security not only helps Americans enjoy a secure retirement, it has also kept millions of Americans out of poverty.
However, the Administration's plan to privatize Social Security will undermine retirement security for all Americans by cutting guaranteed benefits by more than 40 percent, and risky private accounts won't make up for the loss of benefits for millions of Americans.
I want to believe that those who have been appointed to accomplish this mission will be totally committed, devoting all their skills and determination to their work. I urge you to lend them your support so that, together, we can build that bright future worthy of our country.
Let me be clear, the discussions about Social Security are not about the retirement security of those Americans who are 55 or older - the Social Security system for those folks 55 and over will not change in any way shape of form - no ifs, ands, or buts.
One of the strongest lessons I learned in doing six months of work on retirement topic was how absolutely crucial the Social Security system is for the great mass of Americans. The research of professionals and our own reporting convinced me that many millions of people are not capable of effectively managing the finances for their own retirement.
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