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Politics : The Donkey's Inn
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To: Mephisto who started this subject12/13/2001 9:02:21 PM
From: Mephisto   of 15516
 
"One has to look no further than the thousands of workers at Enron who lost their
retirement savings. Privatization could leave families with nothing for retirement.
Americans know that losses in the market this year have now added more years
before they can retire. Now the Republicans advance three ways to cut benefits and
lengthen the retirement."

Democratic National Committee (DNC) Chairman Terry McAuliffe
issued the following statement on the report from President Bush's Social Security
Commission:

"We now know why the Bush Social Security Commission met in secret: because it
plans to cut Social Security benefits and raise the retirement age.

"The Commission proved that the only way to achieve privatization is by cutting
guaranteed benefits - benefits that senior citizens, survivors and people with
disabilities will count on. Sadly, those people who depend on Social Security most,
minorities and women, have the most to lose under privatization.

"One has to look no further than the thousands of workers at Enron who lost their
entire retirement savings. Privatization could leave families with nothing for retirement.
Americans know that losses in the market this year have now added more years
before they can retire. Now the Republicans advance three ways to cut benefits and
lengthen the retirement.

"This Commission has also done nothing to address long-term solvency of the
program. In fact, since the beginning of the Bush Administration the Social Security
Trust fund has been more at risk: large tax cuts have forced the Bush Administration to
announce it expects budget deficits for the next four years. The American people
cannot afford the $1 trillion price tag."

democrats.org
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