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. - SearchQuotes

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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

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Social Security has been effective for 70 years; prior predictions of its demise have been totally overstated.

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President Bush has consistently used rhetoric, and that is not convincing given his past record.

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Our political leaders must be honest and forthcoming with data that will allow citizens to use facts and figures to judge for themselves what state Social Security is in.

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Our Hispanic community needs to understand how important the Social Security system is for not only its retired citizens, but also its disabled workers.

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Latinos are disproportionately more likely to be injured on the job than other ethnic groups.

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Latinas' life expectancies are relatively long. When a current retiree hits 65 and begins receiving her benefit check, she can expect to live another 22 years. That life expectancy is higher than white women or men.

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If Congress doesn't raise taxes, you cannot get a private investment account without forgoing a portion, possibly all, of your guaranteed benefit check.

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I am not criticizing investing in the stock market; I am an investor.

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For people who have for been putting their hard-earned money into the system for years, the president's idea would replace their safety net with a risky gamble with no assurance of a stable return of investment.

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Even without reforms, the Social Security fund will be able to meet 100 percent of its obligations until 2042.

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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.

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Because of their low earnings and family obligations, Latinas would not be putting much money into private investment accounts. An average Latina could wind up losing thousands of dollars under this proposal.

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