A Quote by Grace Napolitano

To allow all U.S. workers to put part of their earnings into private investment accounts would definitely erode the Social Security system and cause uncertainty for new investors.

Grace Napolitano

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Accounts Allow Cause Definitely Earnings Erode Investment Investors New Part Private Put Security Social Social Security System Uncertainty Workers Would

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Grace Napolitano
American - Politician
Born: December 4, 1936

The president (George W. Bush) says let's have private accounts, and take the surplus money that's being gathered now in Social Security and put it into private accounts. That works.

Mitt Romney

Drawing on President Bush's reform plan, which would allow citizens to transfer part of their Social Security contributions into personal accounts, an alteration of the current system is needed to make necessary change.

Jim Leach

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.

Herman Cain

Because of their low earnings and family obligations, Latinas would not be putting much money into private investment accounts. An average Latina could wind up losing thousands of dollars under this proposal.

Grace Napolitano

As part of Social Security reform, I believe that private savings accounts are a part of it - along the lines that President Bush proposed.

John McCain

What we should be trying to do is to encourage people to establish private retirement accounts and help them take pressure off the Social Security system.

Dennis Moore

Even people who feel perfectly comfortable investing in the stock market and owning their own homes often have qualms about individual medical accounts or Social Security private accounts.

Jacob Hacker

Do I want to see people take their Social Security payments and put them into private accounts, open up an eTrade account and go into the stock market? Absolutely not.

Sean Duffy

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.

Luis Gutierrez

In the early 1980s, I burned my Social Security card at the New Orleans Investment Conference in protest of the state pension system.

Mark Skousen

As you know, Social Security functions under the premise that today's workers will help finance benefits for retirees and that these workers will then be supported by the next generation of workers paying into the same system.

Steve Israel

President Roosevelt, the author of Social Security, was the first to suggest that, in order to provide for the country's retirement needs, Social Security would need to be supplemented by personal savings accounts.

John Doolittle

The early industrialists were for the most part men who had their origin in the same social strata from which their workers came. They lived very modestly, spent only a fraction of their earnings for their households and put the rest back into the business.

Ludwig von Mises

We began to temper Western democracy with what I'd call a social contract. We put in Social Security, graduated income tax, workers' compensation. We developed strong unions to negotiate with business owners so workers got an equitable share of the profits.

John Shelby Spong

By requiring that any surplus in Social Security taxes be returned to the American people in personal savings accounts, the plan ensures that Social Security taxes will be used for Social Security.

Mike Pence

One of our priorities is to have an enabling environment for private investment, both domestic and foreign investment, and that means we are going to officially combat corruption because we believe that this scourge, this illness, hinders our efforts to attract private investors.

Joao Lourenco

A Quote by Grace Napolitano

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