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Public Statements

Town Hall Meeting on Social Security

Location: Washington, DC

Town Hall Meeting on Social Security

Many Americans are worried about retirement security and specifically the future of Social Security. The Bush Administration has stated that privatizing the Social Security system is their number one priority.

In response to this issue, I held a town hall meeting on February 24, in order to discuss this with the community. The Boys and Girls Club of National City was kind enough to host the event.

The Bush and Republican privatization proposals would subject the retirement benefits of American workers to the volatility of the stock market. The privatization plan proposed by Republicans require a $2 trillion, up-front infusion of funds, to cover the money taken out of Social Security for investments in private accounts.

Privatization is not fiscally responsible and will fail to provide American workers with a secure retirement. That is why I am opposed to the proposals to privatize Social Security and to gamble with your future in the stock market!

I was pleased to see many of my constituents at the town hall meeting and to discuss their concerns about Social Security.


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