Senator Charles Schumer (D-NY) explaining his concern with Chuck Hagel’s (R-NE) Social Security plan.
Senator Schumer speaking at a news conference on Senator Chuck Hagel’s Social Security Plan dicusses how the major problem of Sen. Hagels’ plan is the privatization of Social Security. (1:21)
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March 8, 2005
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- Senator Jon S. Corzine (D-NJ), states if Social Security is cut in New Jersey, it will eventually cause a negative impact to New Jersey’s state budget and economy.
- Harry Reid (D-NV), Senate minority leader, calls Privatization a buzz word for getting rid of Social Security.
- Staci Berger, a legislative and political director of New Jersey Citizen Action, states that the plan of privatizing social security will reduce the standards of living for the people in New Jersey.
- HHS Secretary Leavitt says that Social Security is a math problem, while Medicare fixes require deeper social changes
- Sen. Max Baucus (D-MT) calls the privatization of Social Security "the tail-wag of the dog."
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