Ruben Hinojosa Quotes

Do I want to see people take their Social Security payments and put them into private accounts, open up an eTrade account and go into the stock market? Absolutely not.

I support voluntary personal retirement accounts for Social Security. It should be people's free choice.

The rate of return on Social Security for people nearing retirement is about 1.5 percent. By the time young children like mine are ready to retire, that rate of return will be a negative percentage.

Privatizing Social Security doesn't make sense, and it's out of step with the fundamental value of ensuring that after a life spent working hard and contributing to the greatness of our nation, every American should have a secure retirement.

Privatizing Social Security will take dollars out of young folks' pockets.

Imagine where we would be if Congress had accepted George W. Bush’s privatization plan. The part of Social Security siphoned off to private accounts would have suffered the market’s losses, and recipients would have been forced to live off of basic benefits substantially lower than Social Security presently is.

The debate over Social Security should not be about how much we can cut from the program in order to balance the federal budget. The debate over Social Security should not be about raising the retirement age or limiting benefits. The debate over Social Security should be about retirement security.

Well, we certainly need to raise the retirement age. I've told my 19-year-old and my 22-year-old that they're not going to be getting retirement benefits at age 62.

I agree that we must expand opportunities for retirement saving, but we must not undermine this worthy effort with a flawed privatization scheme that takes the 'security' out of Social Security.

The Social Security trust fund is in pretty good shape today and we should not embark upon risky, dangerous schemes which will, in fact, undermine Social Security, such as privatization.

The President's proposed privatization plan would jeopardize that security by cutting guaranteed benefits for future retirees and endangering the benefits of current retirees, people with disabilities, and children who have lost a parent.

We want to develop innovative ways to promote savings so more Americans can save for their future, but first we need to reject privatization schemes and work together to strengthen Social Security.

We have a rare and perhaps small window of opportunity to set partisan differences aside, and attempt to achieve what many in recent years have felt was unreachable - greater retirement security for ourselves and our children.

There's a lot we can do to improve American's retirement security, but it's wrong to replace the guaranteed benefit that Americans have earned with a guaranteed benefit cut of forty percent or more.

We need to make sure people continue to have access to retirement plans because everyone deserves the opportunity to retire with dignity and financial independence.

Our seniors' retirement should never rely on the bull of political promises or the bear of the market.

The retirement age needs to be raised. A portion of Social Security ought to be privatized, if not all. And there probably needs to be some means testing. It's a Ponzi scheme that's not sustainable.

I oppose the president's plan to privatize Social Security.

We need to take steps to strengthen and mend Social Security so that its promise of a secure retirement is just as real for seniors in the future as it is today.

For my children, it makes sense to talk about modernizing Social Security, letting them create stronger personal accounts, letting them get a higher rate of return over the long run.

Funding privatized accounts with Social Security dollars would not only make the program's long term problems worse, but many believe it represents a first step toward undermining the program's fundamental goals.

We need to build on the success of Social Security by developing bold and innovative ways for Americans to build wealth and save for retirement. I believe we can work together in a bipartisan manner to accomplish these goals.

With or without a Social Security fix, Americans don't have enough assets to retire on. There has to be a much larger debate.

I think if we are actually going to accept our generation's responsibility, that's going to mean that we give our children no less retirement security than we inherited from our parents.

The fine print in the President's Social Security proposal is that all present and future workers under age 55 will have their promised retirement benefits cut.