Social Security focus of Boxer’s Truckee
TRUCKEE ” U.S. Sen. Barbara Boxer told a packed audience Friday in Truckee that President Bush’s plans for Social Security reform amounted to going from a “guaranteed benefit to a guaranteed gamble.”
Her stop at the Truckee Senior Center was part of a broader effort to marshal opposition to a plan that the Democratic senator says will effectively end Social Security.
The 70-year-old national retirement, disability and life insurance program has been among the top national topics on the political scene this year. The White House and most Democrats disagree on reforms for the program, which many believe will reach a financial crisis within the next 35 years.
President Bush’s administration has floated a plan to allow workers to invest a portion of their retirement in the stock market, a move that Boxer has been among the most vocal in opposing.
Allowing workers to invest their Social Security in the stock market would add trillions of dollars of debt to the nation, cripple the current national retirement system, and put money in the pockets of Wall Street investors, Boxer said.
Senior citizens at the meeting, who admitted the future of Social Security was on their minds, said the senator’s appearance was welcome.
“It’s a bad deal,” said Al Gammell of privatization plans for Social Security.
Joyce Scribner, said her concerns about the future of Social Security are not overwhelming, but she enjoyed Boxer’s take on the subject.
“I feel Social Security is pretty secure,” said Scribner. “I have faith in people like Barbara Boxer.”
U.S. Rep. John Doolittle, R-California, faced a tougher sell during his recent stop in Nevada County to discuss Social Security. At a Grass Valley workshop on the issue Tuesday, the crowd booed Doolittle and the White House for supporting private accounts in
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