Senator Frank Lautenberg (D-NJ) talks about the negative effects of the President’s Social Security privatization plan.
Lautenberg claims that privatization would slash Social Security
benefits and says this plan would add almost 5 trillion dollars to the
national debt over the next 25 years, which works out to 13,476
dollars for each American.(:33)
March 17, 2005
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- Harry Reid (D-NV), Senate minority leader, calls Privatization a buzz word for getting rid of Social Security.
- Outgoing chairman of Democratic National Committee Terry McAuliffe criticizes President Bush’s social security plan
- Senator Chuck Hagel (R-NE) talks about the future 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.
- Former Acting Commissioner of Social Security Bill Halter outlines the faults of a recently introduced House Social Security bill during a teleconference.
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