Because of my own experience with market fluctuation, I recognize the great risks one takes on investments. This converts the Social Security safety net into a risky proposition many cannot afford to take.
More Quotes from Grace Napolitano:
There is a need for Social Security reform to ensure its stability, and Congress must act.Grace Napolitano
We must work to stabilize Social Security. We must not gamble with our nation's social insurance program, one of our most popular and effective federal programs that has remained dependable and stable for the past 70 years.
Grace Napolitano
President Bush has consistently used rhetoric, and that is not convincing given his past record.
Grace Napolitano
The president's claim that Social Security is going broke is misleading at best. The sky is not falling, although there is no doubt that the system needs to be strengthened.
Grace Napolitano
A Congressional Budget Office report released as recent as June 2004 says the system will be able to pay full benefits until 2052, and 80 percent after that.
Grace Napolitano
Because Social Security is specifically designed to boost the retirement income of low earners with a progressive benefit formula, the program has played an enormous and necessary role in keeping Latinas out of poverty.
Grace Napolitano
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