I
oppose the Republican privatization plan because:
- It
would cut Social Security’s 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.
Therefore,
I pledge to fight the Republican privatization plan and work for
real solutions that strengthen Social Security for the long term.
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