"The privatization plan weakens Social Security and threatens our economic security by creating trillions of dollars in new debt"
- Ruben Hinojosa
About this Quote
This quote by Ruben Hinojosa is describing the privatization plan of Social Security, which is a federal government program that offers monetary support to retired and disabled individuals. The privatization plan deteriorates Social Security by allowing individuals to invest their Social Security funds in the stock exchange, which is risky and could cause a loss of funds. In addition, the privatization strategy would produce trillions of dollars in brand-new debt, which would be a burden on the economy and could lead to a decrease in financial security. This might have an unfavorable influence on individuals who count on Social Security for their monetary security, as well as the general economy. Therefore, the privatization plan of Social Security is a hazard to economic security and need to be avoided.
This quote is written / told by Ruben Hinojosa somewhere between August 20, 1940 and today. He/she was a famous Politician from USA.
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