Kucinich Criticizes Administration's Plan To Cut Benefits and Privatize Social Security
The following is a press release from January 6, 2005, by Kucinich's office in Congress
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Kucinich Criticizes Administration's Plan To Cut Benefits and Privatize Social Security
Congressman Dennis J. Kucinich (D-OH) took to the House floor today to criticize the Administration's plan to cut benefits and privatize Social Security.
Kucinich stated:
"This morning, we learn The White House wants to not only privatize Social Security but also cut retirees benefits. Privatization takes money from retirees on Main Street and gives it to the Enron's of Wall Street. Will Wall Street care about what happens to precious Social Security funds when more than half of the private pension funds in the US are already insolvent?
"And cut benefits? The American people cannot afford a cut in benefits. No one is cutting the cost of food, rent, electricity, gas, oil, or property taxes. There is a solution. Keep the Wall Street White House hands off. Do not privatize Social Security. Do not cut benefits. Social Security is rock solid through 2042. The only crisis is attempted theft of retirees' benefits. Mr. Speaker, call the cops! The American people are being robbed."
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