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.
Senator Corzine, held a conference call to discuss a report dealing with both the economical and political impact of Social Security privatization in New Jersey. He states that Social Security privatization will lead people to poverty and shifting more of the burden to the state or the individual by cutting their standards of living. (:49)
April 14, 2005
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- Rep. Frank Pallone, Jr (D-NJ), says the President and Vice president will make the funding problems worse because of their Social Security privatization plan.
- 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.
- State Senator Harris: Poverty rates high in nation’s wealthiest state
- Harry Reid (D-NV), Senate minority leader, calls Privatization a buzz word for getting rid of Social Security.
- If you are not outraged, you’re not paying attention.
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