12/03/2024 | Press release | Distributed by Public on 12/03/2024 13:33
"Senator Mike Lee's rant on X is a misrepresentation of Social Security's history and how the program works. Contrary to Senator Lee's claims, Social Security was not promoted through 'deceptive sales techniques' - whatever that means. There is nothing deceptive about Social Security. The social insurance program has been working just fine for nearly 90 years and has never missed a payment.
Workers pay into the system in exchange for benefits upon retirement, disability, or the death of a family breadwinner. The kind of propaganda Senator Lee posted undermines public support for Social Security, making it easier to cut or privatize the program. It is perhaps no coincidence that Senator Lee's second biggest campaign contributor by industry is the securities and investment sector.
The Senator's Wall Street backers would love to get their hands on workers' Social Security contributions to risk them on the markets. This kind of Republican attack on Social Security conflicts with President Trump's promise not to tamper with Americans' earned benefits. It signals where Trump's MAGA allies in Congress are heading - toward privatization and benefit cuts, something the majority of Americans across party lines say they do not want." - Max Richtman, President & CEO, National Committee to Preserve Social Security and Medicare
###
Media inquiries:
Walter Gottlieb
ncpssm.org