"The option for younger people to invest some of the Social Security taxe in personal investment accounts is a good idea," said Kentucky U.S. Sen. Mitch McConnell, a Republican from Louisville". [The Cincinnati Enquirer, March 3, 1999]
The Golden Pledge to Protect Social Security and Oppose Privatization
· Social Security guarantees Americans that if they work hard, contribute, and play by the rules, they have earned the right to retire in dignity, and their families will be protected in the event of disability or death.
· I pledge to strengthen Social Security, not privatize it. I will work to preserve and improve the retirement security of all Americans and will oppose any privatization scheme that would divert money away from the Social Security trust fund to pay for risky private accounts on Wall Street.
· I reject the renewed Bush-McCain privatization scheme that would require deep cuts in guaranteed benefits and massive new debt and would turn Social Security from a guarantee into a guaranteed gamble.
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