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Don't Privatize Social Security
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06/29/06 07:00 AM ET
Social Security should be a guaranteed benefit, not a guaranteed gamble. It must be reliable, undeniable, and inflation-proof. I am alarmed to see that a budget will come to the floor next week that could be a backdoor way of privatizing Social Security.
Under the guise of empowering an unelected commission, they would have the authority to cut benefits to turn it over to Wall Street where seniors would have to rely on the political promises and fear the bear of a market. We cannot let this happen.
Under the guise of empowering an unelected commission, they would have the authority to cut benefits to turn it over to Wall Street where seniors would have to rely on the political promises and fear the bear of a market. We cannot let this happen.
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