Social Security Needs to Be Stabilized for Future
- By Rep. Robert Matsui
- Special to Roll Call
- Dec. 3, 2004, 10:59 a.m.
Social Security has revolutionized how America’s workers prepare for their retirement. It operates as both retirement security and social insurance, offering a lifetime, inflation-protected benefit for senior citizens, disabled workers and widows. It has saved millions from poverty, reducing the number of seniors living at or below the poverty line from 50 percent to less than 10 percent today. Since its inception in 1935, this New Deal has been a good deal for hundreds of millions of Americans.
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