For decades, Social Security has served as a safety net for millions of American. This funding lifts seniors, children and persons with disabilities out of poverty. It has become a critical program – speaking to the shared values we, as Americans, stand for: helping others, looking out for our neighbors and for the neediest among us.
I am fundamentally opposed to Chuck Grassley’s extreme plan to privatize Social Security and throw the safety net for hundreds of thousands of Iowans into the reckless hands of Wall Street bankers and I need you to join me in demanding the Deficit Commission stop any plans they have to privatize this program.
Our campaign put this video together to inform people about Grassley's thoughts on Social Security -- It's shocking.
Could you imagine what would have happened when the market collapsed two years ago, if he had succeeded? How many more Americans would have lost their homes? How many more seniors would have to choose between medicine and food?
Chuck Grassley has taken more than $800,000 this election cycle alone from Wall Street interests, the very same interests that stood to rake in $279 billion in fees and profits if this program were to be privatized. His actions are indefensible and represent solely the interests of Wall Street -- not the hard working Iowans and other Americans paying their fair share into this program.
We need not panic. This program can continue to keep paying full benefits until 2037 before any changes are needed. It is a bit suspicious that the folks who want us to think we have to cut benefits right now and raise the retirement age are the folks who don’t like the very concept of social security and have spent time and energy trying to take it away from us.
We must protect this program from those wishing to privatize it. The beneficiaries of privatization are not young workers. They are Wall Street executives who stood to make $279 billion in fees from Grassley’s Social Security privatization scheme.
People who had investments in Wall Street are still reeling from the collapse in 2008. We can’t let our seniors be subjected to the tender mercies of the folks who drove the economy off the cliff and then demanded that we bail them out so they wouldn’t have to give up their billions is bonuses. Senator Grassley stood with them and bailed them out and now wants to give them our social security money too. It is hard to fathom a worse idea.
I’m going to be hanging around for a bit and would love to talk.