Kerry: Social Security is sound. Will fight any moves to privatize.

[blm]

John Kerry, Chair of the Finance Subcommittee on Social Security, Pension and Family Policy, released the following statement on the 2007 Trustee’s Report on Social Security and Medicare:

The Trustee’s projections show that the Social Security Fund will be exhausted in 2041 and the Medicare Trust Fund in 2019 – each one year later than the projections in last year’s reports. Both reports prove the continued need for bipartisan moves in Congress to strengthen these vitally important programs in the long-term. The report also shows that Social Security remains sound for decades and proves there is no need to privatize Social Security.

“The Trustee’s report is a crystal clear message that any moves to privatize social security wouldn’t just hurt this program for our seniors, but are also completely unnecessary,” Senator Kerry said. “The report shows that Medicare’s long-term viability is an urgent priority, but doesn’t justify the arbitrary cuts to the program designed by the previous Republican Congress. We must not make reckless cuts to the program, but instead combat skyrocketing costs throughout our health care system and make responsible investments in Medicare. I look forward to working with my colleagues to achieve broader prevention and disease management services that increase quality for patients and decrease costs over time.

“We will work in our new Democratic Congress in a bipartisan manner to strengthen Social Security and Medicare, invest in their long term strength, and fight any moves to privatize and endanger these compacts with seniors who have worked a lifetime,” Kerry added. “Social Security and Medicare have for decades kept faith with our bedrock American values by protecting our seniors from falling into poverty and keeping retired Americans and their families healthy and secure.”

[flpoljunkie]

1. Thank you, Senator Kerry! K&R!

[rox63]

2. Thank you, Senator Kerry!

Thanks for continuing to stand up for us regular folks. :patriot:

[antigop]

3. Does that mean he will work to get rid of Medicare Advantage? n/t

[no_hypocrisy]

4. No it isn't sound. Congress has helped itself to the funds since the

80s and has not replaced it. Nothing in the lockbox but worthless IOU's.

[RaleighNCDUer]

5. Which the cost of the Iraq war would pay off.

The money is there - it's just a matter of priorities.