Bill Foster released the following statement today on the anniversary of Social Security:
"On today's 77th anniversary of Social Security, it's important to remember how much seniors in Illinois rely on this successful program. Congresswoman Biggert's plans to privatize and cut Social Security in order to give additional tax breaks to billionaires and Wall Street fails to recognize that our economy does best when the middle class prospers, and that Social Security benefits received by Illinois seniors provide a huge boost to our local economy. If the privatization plans that Congresswoman Biggert voted for had become law, millions of seniors would have seen their retirement savings crushed during the recent financial collapse. Most importantly, we have a responsibility to protect Social Security for the millions of seniors in Illinois who worked all of their lives to earn these benefits that make up the majority of their retirement income," said Bill Foster.