Grace Napolitano Quotes.
Because of my own experience with market fluctuation, I recognize the great risks one takes on investments. This converts the Social Security safety net into a risky proposition many cannot afford to take.
Almost half of all Latinas currently on Social Security rely exclusively on their benefit check in retirement.
A Congressional Budget Office report released as recent as June 2004 says the system will be able to pay full benefits until 2052, and 80 percent after that.
Latinos are disproportionately more likely to be injured on the job than other ethnic groups.
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.
We must take the time to do what needs to be done now, what is right, instead of passing a bad bill.
I am not criticizing investing in the stock market; I am an investor.
President Bush has consistently used rhetoric, and that is not convincing given his past record.
We must work to stabilize Social Security. We must not gamble with our nation’s social insurance program, one of our most popular and effective federal programs that has remained dependable and stable for the past 70 years.
For people who have for been putting their hard-earned money into the system for years, the president’s idea would replace their safety net with a risky gamble with no assurance of a stable return of investment.
The president’s claim that Social Security is going broke is misleading at best. The sky is not falling, although there is no doubt that the system needs to be strengthened.
Our Hispanic community needs to understand how important the Social Security system is for not only its retired citizens, but also its disabled workers.
If Congress doesn’t raise taxes, you cannot get a private investment account without forgoing a portion, possibly all, of your guaranteed benefit check.
Social Security has been effective for 70 years; prior predictions of its demise have been totally overstated.