Social Security

"AARP strongly opposes these proposals [to divert Social Security payroll taxes to private accounts]. Private accounts in place of Social Security are risky, expensive to administer, and require huge increases in the federal debt. AARP believes there are better and more responsible ways to strengthen the system. To compensate for the loss of Social Security revenue sent into private accounts, the federal government would have to borrow significant sums for the next several decades in order to continue to pay promised benefits to currently retiring beneficiaries. One prominent proposal would require $1 billion in the first 10 years the private accounts were in place. Then, $3.5 trillion would be needed in the following decade. Younger workers would have to bear much of the burden for paying this debt. That's not right, and it's not fair to them. Social Security is an insurance program, not an investment program. The essence of Social Security is that it has always been risk-free for all of us. It's also inflation-proof - something neither investments, nor even many pensions, can guarantee. Private accounts within Social Security would add a large measure of personal risk. AARP has publicly stated many times that there are places in retirement planning that are appropriate for taking risks, such as 401(k) plans, Individual Retirement Accounts, and mutual funds, but they should be in addition to the guarantee of Social Security."
-- AARP

I would love to see a march on Washington that says 'Save our Social Security'. -- Barbara Boxer

Workers organized and fought for worker rights and food safety, Social Security and Medicare - they fought to change government. And they won.
-- Sherrod Brown

"The Social Security program is a pact between workers and their employers that they will contribute to a common fund to ensure that those who are no longer part of the work force will have a basic income on which to live. It represents our commitment as a society to the belief that workers should not live in dread that a disability, death, or old age could leave them or their families destitute." ~ Jimmy Carter (December 20, 1977)

 

"Today, I want to talk about Social Security and how all of us can ensure that one of the greatest achievements of this century continues to serve our people well into the next. . . . For 60 years, Social Security has meant more than an ID number on a tax form; more than a monthly check in the mail. It reflects our deepest values -- our respect for our parents and our belief that all Americans deserve to retire with dignity." ~ Bill Clinton (March 21, 1998)

"The system is not intended as a substitute for private savings, pension plans, and insurance protection. It is, rather, intended as the foundation upon which these other forms of protection can be soundly built. Thus, the individual's own work, his planning and his thrift will bring him a higher standard of living upon his retirement, or his family a higher standard of living in the event of his death, than would otherwise be the case. Hence the system both encourages thrift and self-reliance, and helps to prevent destitution in our national life." -- Dwight D. Eisenhower

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Cuts to Medicare, Medicaid and Social Security benefits are unacceptable, and they shouldn't be put on the table by Democrats for any reason. -- Russ Feingold

"It is with great satisfaction that I have signed into law the Social Security Amendments of 1961. They represent an additional step toward eliminating many of the hardships resulting from old-age, disability, or the death of the family wage earner. . . . A Nation's strength lies in the well being of its people. The social security program plays an important part in providing for families, children, and older persons in time of stress, but it cannot remain static. Changes in our population, in our working habits, and in our standard of living require constant revision." -- John F. Kennedy (June 30, 1961)

"Social Security is a social insurance program - it is not designed to be the same thing as a 401(k)." ~ Paul Krugman

 

First of all, the Social Security money belongs to Main Street, not to Wall Street. It needs to be said very clearly here that privatization is off the table... Social Security, as a matter of fact, is a better investment now than the stock market. There’s a higher return. There’s guaranteed cost-of-living increases. Privatization you have to worry about the value of your account. -- Dennis Kucinich Corporations are reneging on pension obligations. Social Security is under attack. -- Dennis Kucinich

 

"Wake up America! The insurance companies took over health care!
Wake up America! The pharmaceutical companies took over drug pricing!
Wake up America! The speculators took over Wall Street!
Wake up America! They want your Social Security!
Wake up America! Multinational corporations took over our trade policies!
Wake up America! We went into Iraq for oil! WAKE UP AMERICA!"
-- Dennis Kucinich

"The various Social Security privatization schemes, full and partial, would cost both the 'social' - that is the public, cooperative, societal - element of the program and 'security' - the rock-solid income guarantee afforded by the system. It should be rejected." -- Ralph Nader

Social Security has been effective for 70 years; prior predictions of its demise have been totally overstated.
Grace Napolitano

Because Social Security is specifically designed to boost the retirement income of low earners with a progressive benefit formula, the program has played an enormous and necessary role in keeping Latinas out of poverty.
- Grace Napolitano

Even without reforms, the Social Security fund will be able to meet 100 percent of its obligations until 2042.
- Grace Napolitano

"Many myths and misconceptions have contributed to the belief that Social Security is in imminent danger and that Social Security privatization is the answer. Nothing could be further from the truth. The reality is that Social Security will continue to provide millions of retirees a sound, stable retirement. It may require some modest adjustments over a period of time, but it does not face an insurmountable crisis requiring major structural changes. Privatization, on the other hand, will unravel Social Security's important insurance protections, force huge cuts in benefits, increase risks to retirees, and cost trillions of dollars. Social Security has been providing Americans a secure retirement for nearly three quarters of a century. With sensible action it can continue to provide that security for decades to come."
- National Committee to Preserve Social Security and Medicare (NCPSSM) Feb. 2008

"I have been adamant in saying that Social Security should not be privatized and it will not be privatized as long as I'm President. And here’s the reason. I was opposed to it before the financial crisis. And what I said was the purpose of Social Security is to have that floor, that solid -- rock-solid security, so that no matter what else happens you’ve always got some income to support you in your retirement. And I've got no problem with people investing in their 401(k)s, and we want to encourage people to invest in private savings accounts. But Social Security has to be separate from that... So here’s the thing. Social Security is not in crisis. What is happening is, is that the population is getting older, which means we've got more retirees per worker than we used to. We're going to have to make some modest adjustments in order to strengthen it. There are some fairly modest changes that could be made without resorting to any newfangled schemes that would continue Social Security for another 75 years, where everybody would get the benefits that they deserve." -- Barack Obama

It was the labor movement that helped secure so much of what we take for granted today. The 40-hour work week, the minimum wage, family leave, health insurance, Social Security, Medicare, retirement plans. The cornerstones of the middle-class security all bear the union label.
-- Barack Obama

Let us be clear about our choice. When we raise taxes on the wealthiest Americans, no one dies. When we cut Social Security and Medicare, people die. -- Annabel Park

Is social security in trouble? No. In fact it needs expanding! If wealthy Americans pay their fair share, tomorrow's seniors will get the Social Security they need. We need to expand Social Security to prevent the looming retirement crisis, and we can do it simply by asking billionaires to pay their fair share. -- Robert Reich

 

"This law represents a cornerstone in a structure which is being built but is by no means completed--a structure intended to lessen the force of possible future depressions, to act as a protection to future administrations of the Government against the necessity of going deeply into debt to furnish relief to the needy--a law to flatten out the peaks and valleys of deflation and of inflation--in other words, a law that will take care of human needs and at the same time provide for the United States an economic structure of vastly greater soundness." -- Franklin D. Roosevelt (August 14, 1935)

"When the average Social Security benefit is $1328 a month, and more than one-third of our senior citizens rely on Social Security for Virtually all of their income, our job is to expand benefits, not cut them." ~ Sen. Bernie Sanders

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"Republicans drove us into debt with two wars and the Bush tax cuts. Now they want to pay for that debt with cuts to Social Security, Medicare and Medicaid. This is not only immoral it is bad economics. Why do Republicans always have money for war but not for those in need?" ~ Sen. Bernie Sanders

It is ironic that in a democracy where all are free and enjoy equal rights, we must also have laws -- equal responsibilities -- so that the rights and freedom of others are protected. However, in a democracy, laws must also be fair, clearly defined, and applied equally to all members of the society -- both citizens and rulers. -- Robert Alan Silverstein

Somehow people are starting to think of "entitlements' as 'extra unearned luxuries' that should be taken away during hard times. But the definition of an entitlement is a right that is granted by law or by nature, to which all are guaranteed access. True entitlements are basic needs not luxury items. When politicians insist on cutting 'entitlements' they need to ensure that only luxuries are on the cutting block not basic needs.
-- Robert Alan Silverstein

We have forgotten the basic SOCIAL CONTRACT of rights and responsibilities that binds us together as a society. Society expects citizens to follow laws it has instated in order to protect individuals and institutions. Without these laws there would be chaos -- the strong would simply take anything they wanted and the rest would have no recourse. In return the social contract guarantees that if people follow these rules or responsibilities they will be guaranteed basic rights - life, liberty and the pursuit of happiness. A guarantee of life ensures they will have access to basic human needs of water, food and shelter needed to live and to support their family. Liberty involves the ability to engage in activities the individual wishes, as long as it does not violate the law. The pursuit of happiness is a guarantee that the laws are meant to be fair and provide an equal playing field for all members of society, so that through hard work and creative enterprise, all law-abiding citizens are free to strive to attain the wants and desires they believe will bring them happiness.
-- Robert Alan Silverstein

"It’s not greed to want what you need..."
-- Robert Alan Silverstein

Entitlements are not handouts you see,
It’s your rights in a free society.
Law is a social contract,
Says if you abide it you’ll get back
All that you need.
Has nothing to do with greed.
So don’t let them take away
What you need to be free today
-- Robert Alan Silverstein

An entitlement is not greed; It’s the right to what you need.
-- Robert Alan Silverstein

“The result [Republicans winning the Senate] would be devastating for reproductive choice, the environment, civil liberties, Social Security and health care, as well as corporate accountability.” -- Barbra Streisand

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"We should be talking about expanding Social Security benefits; not cutting them." ~ Elizabeth Warren

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Social Security Quotes