Diane Watson Quotes

For these reasons, women tend to rely more heavily on Social Security in their retirement than do men.

Social Security not only helps Americans enjoy a secure retirement, it has also kept millions of Americans out of poverty.

Social Security is an insurance policy. It's a terrible investment vehicle. Social Security has some great benefits. But it was never meant to be a savings plan. So we need to have a national debate. Should this 12.5 percent that we're contributing all go into a Social Security pool, or should half go into a mandatory savings plan?

Without Social Security, poverty rates for African American seniors would more than double.

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.

Our nation's Social Security Trust Fund is depleting at an alarming rate, and failure to implement immediate reforms endangers the ability of Americans to plan for their retirement with the options and certainty they deserve.

In fact, Social Security is the only source of income nationwide for 29 percent of unmarried elderly women.

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

When the average Social Security benefit is $1328 a month, and more than one-third of our senior citizens rely on Social Security for Virtually all of their income, our job is to expand benefits, not cut them.

From the employees' standpoint, in 1935, Social Security was a big gamble. Employees would be required to participate in the program, contributing a percentage of their income for their entire adult working life.

Medicare and Social Security have created the healthiest and most financially secure generation of senior citizens in American history.

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.

Our government makes the simple promise of a secure retirement to every American who works for many years and contributes to our retirement benefit system.

It's hard to exaggerate the importance of preserving the financial integrity of Social Security.

If we didn't have Social Security, our seniors would live mostly in poverty. You'd have another 18 million people in poverty.

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 stand with the millions of seniors and working people who depend on Social Security and who expect the money they put in to be there for them when they retire.

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.

President Roosevelt, the author of Social Security, was the first to suggest that, in order to provide for the country's retirement needs, Social Security would need to be supplemented by personal savings accounts.

Today there are about 40 million retirees receiving benefits; by the time all the baby boomers have retired, there will be more than 72 million retirees drawing Social Security benefits.

You cannot go to someone who is 65 or 70 years of age and tell 'em, 'This program that you retired relying on is now being pulled out from underneath you.'

There is a lot of room for improvement in Social Security. We owe our children the most financially sound system possible. They will have paid into it their entire working lives. They deserve to be protected by it. for our children and grandchildren.

I will work with my colleagues on both sides of the aisle to preserve the Social Security promise that provides secure retirement benefits for all, especially those who are most at risk such as widows, orphans, and people with disabilities when the need arises.

We must work together to save and strengthen Social Security not just for my father's generation but also for my daughters' generation.