"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.
The author also have 22 other quotes.
"States get to improve transportation infrastructure; that creates economic development, puts people back to work and, most important, enhances safety and improves local communities"
"It's not just the effect of technology on the environment, on religion, on the economic structure, on society, on politics, etc. It's that everything now exists in technology to the point where technology is the new and comprehensive host of nature of life"
"Our people can draw on the tremendous strides made in recent years, not only in terms of advancing themselves spiritually and materially, but also in having weathered social and economic turbulence, triggered, in the main, by factors not of their own creation"
"We cannot continue to rely only on our military in order to achieve the national security objectives that we've set. We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded"
"I believe that successfully addressing our national security needs while protecting our basic freedoms and civil liberties requires continual Congressional oversight, and I will continue to work to assert the role of this body in carrying out this grave responsibility"
