Grace Napolitano Quotes

In other words, Social Security is every bit as insecure as the stock market.

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

As you know President Bush has been traveling around the country trying to sell his new Social Security plan. He wants to take our retirement money and invest it in the stock market. He says nothing can go wrong. I'll mention that to Martha Stewart the next time I see her.

What we should be trying to do is to encourage people to establish private retirement accounts and help them take pressure off the Social Security system.

Since Social Security faces a large gap between what it promises younger workers and what it can afford to pay them, private savings will likely need to play a larger role in retirement planning for younger workers.

Social Security is the very foundation of retirement security for millions of Americans.

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'm dubious about having Social Security put into the stock market. I think that we have gotten very far away from the idea that there's something sacrosanct about retirement investments.

Employees did not only have their money in their 401k’s. They had their lives in those 401k’s ... today most people have most of their money in public stocks ... and the government regulates very little of this.

From the time I was 8 until now, I've been working. My Social Security is looking solid.

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.

We really haven't had very much experience with people funding their retirement out of the stock market, and we don't know, frankly, how it would work under every scenario.

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?

On the other end of the spectrum, these women who do live long enough to collect Social Security face the challenge of being disproportionately dependent on the Social Security system for retirement income.

Yes, prudently invested contributions to the Social Security fund may bring greater dividends, but those contributions would also face a greater risk. It would be like gambling. We should not gamble with the investments and the future of the citizens of this land.

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

Many seniors understand that Social Security is social insurance as opposed to a program where we put money aside for our own retirement. But most elderly individuals think they're getting their money back. So it isn't selfishness as much as a misunderstanding.

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.

It's time to stop the raid on the Social Security trust fund and start allowing Americans to invest their Social Security taxes in personal savings accounts.

Though Congress continues to explore possible solutions to ensure social security solvency, everyone must take personal responsibility to prepare their own retirement savings accordingly.

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.

Retirement security is often compared to a three-legged stool supported by Social Security, employer-provided pension funds, and private savings.

In order to fix Social Security, we must restructure it so that we continue to provide for our Nation's seniors that are approaching retirement age, but allow for younger taxpayers to invest a portion of their Social Security taxes in private accounts.