CONGRESSMAN LIEU'S STATEMENT ON THE 80TH ANNIV. OF SOCIAL SECURITY
Los Angeles - On the 80th anniversary of Social Security, Congressman Ted Lieu issued the following statement:
"I join with millions of Americans to celebrate the 80th anniversary of Social Security. While poverty for seniors in this country is still an issue, Social Security has served as a reliable safety net for all seniors. Over 112,338 older Americans and people with disabilities in California’s 33rd Congressional District and 22 million nationwide receive Social Security. For 90% of retirees and 70% of disability recipients it is their primary source of income.
Social Security, if managed effectively, can serve every generation that has paid into it from my parent’s generation to that of my children. Unfortunately, our Republican colleagues are trying to make it sound like our Social Security Trust fund is going bankrupt, despite having a $2.8 trillion dollar surplus, and are trying to slip in cuts and privatize the program. For my parents, my children and all Americans, I have pledged to do all I can to oppose Republican cuts to the benefits we have all paid for and preserve this program for generations to come."