Harry Reid (D-NV), Senate minority leader, calls Privatization a buzz word for getting rid of Social Security.
Harry Reid, speaking at a town Hall meeting on African Americans and Social Security, explains that privatization cuts benefits by more then a 1/3, it drives up trillions of dollars in debt, and it does nothing for solvency. He continues by saying that the Democrats want to work out the long term problems with social security and are willing to work in a bi-partisan basis, but they will never accept privatization.(:32)
April 22, 2005
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- Senator Frank Lautenberg (D-NJ) talks about the negative effects of the President’s Social Security privatization plan.
- Senator Byron Dorgan (D-ND) explains the crisis we do have in this country.
- Rep. Stephanie Tubbs Jones (D-OH) calls President Bush disingenuous when he discusses Social Security and African Americans.
- Rep. Eleanor Holmes Norton (D-DC) explains the president’s major theme is not fixing social security.
- Sen. Max Baucus (D-MT) calls the privatization of Social Security "the tail-wag of the dog."
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