Published On: Fri, Aug 19th, 2016

Hillary Clinton attacks GOP, Donald Trump on social security

On the 81st anniversary of the Social Security Act, Hillary Clinton issued the following statement:

“For eighty-one years, Social Security has been America at its best. It reflects our shared belief that every American should be able to retire with dignity after decades of hard work. That no American should face poverty because he or she is disabled. That we are stronger together.

photo /tyler eugene wilson

photo /tyler eugene wilson

“Social Security benefits 59 million Americans today—but Republicans are relentlessly trying to attack and undermine this bedrock American guarantee. They want to cut benefits and gamble seniors’ retirement security on the stock market through privatization.

“And Donald Trump is no different—just look who he chose as his running mate. Mike Pence spent his time in Congress championing efforts to dismantle Social Security—and to privatize it even faster than President George W. Bush and Paul Ryan proposed.

“We cannot and we will not stand for that. When I served in the Senate, I helped lead the fight against the Bush privatization scheme. Instead of cutting or privatizing Social Security, we will defend and expand it.

“When President Roosevelt signed the Social Security Act into law, he said it ‘represents a cornerstone in a structure which is being built but is by no means completed.’ Social Security works, but we can make it better. Millions of women—and men—who are widowed or who take time out of the paid workforce to raise a child or care for a sick family member are being left behind. As President, I’ll expand benefits to cover these hardworking Americans, because no one should have to live in poverty because their spouse died or they did the vital work of taking care of a loved one.

“Social Security isn’t just a program—it’s a promise. And I won’t stop fighting until every American shares fully in that promise.”

According to the latest report from the Social Security Trustees, in 2014 the program took in $769 billion and paid out $714 billion. The extra $55 billion went into the trust fund, which at the end of that year contained $2.729 trillion.

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