There Is No Crisis in Social Security

I received this today from Democratic Senate Leader Harry Reid....

"George Bush claims he wants to protect Social Security -- but pushing a privatization plan which cuts benefits and increases debt is a funny way of showing it.

Tomorrow I will begin a two-day tour holding Social Security Town Hall meetings in four cities. In New York, Philadelphia, Phoenix, and Las Vegas. Senators Durbin, Dorgan and I will have an open dialogue with people about Democrats commitment to strengthening Social Security and why the President's plan is wrong for America.

At every stop on our tour we will be asking people to sign our Pledge to Protect Social Security. This simple pledge lays out the reasons why George Bush's privatization plan is not the answer:

• It would cut Social Security¹s funding and weaken the program.

• It would cut benefits by one-third or more, even for those who choose not to risk their money in a privatized account.

• It would require even deeper benefit cuts for those who do choose a privatized account.

• It would require borrowing nearly $5 trillion, much of which from foreign countries like China and Japan.

Join Senate Democrats and sign our Social Security Pledge today. Democrats want to work with the President to strengthen Social Security. But we will never agree to Republican privatization plans that make Social Security's financial problems worse, while making deep cuts in benefits and forcing massive increases in debt.

Remember...there is no crisis in Social Security. Progressive thinkers say NO to privatization.