Sangisetty Defends Social Security on its 75th Anniversary

August 12, 2010

Sangisetty Defends Social Security Over 100,000 individuals in the Third District receive benefits “We need to make sure Social Security sees its 150th anniversary.”

HOUMA, La. — Ravi Sangisetty, Democratic nominee for Congress in Louisiana’s Third District, said Social Security must be defended against those who want to turn it over to Wall Street or reduce its benefits.

“Social Security has been a crucial part of the American Promise for the last 75 years,” Sangisetty said. “Our seniors worked hard and played by the rules, they deserve to spend retirement with security and respect.”

Saturday August 14 marks the 75th anniversary of Social Security’s passage.

“Over 100,000 individuals in the Third District receive Social Security benefits,” Sangisetty said. “And lawmakers in broken Washington are trying to reduce benefits or privatize our future by handing Social Security over to Wall Street.”

Over the past quarter century, Social Security built a surplus of $2.5 trillion, but that surplus shrank as the federal government borrowed from it to fund other programs. Today, trustees predict Social Security will be out of money in fewer than 30 years.

“Washington stole from our future when the borrowed from Social Security,” Sangisetty said. “We need to recommit to our obligation to seniors and our children, we need to make sure Social Security sees its 150th anniversary.”

Use a Highlighter on this page
Bookmark and Share

Leave a Reply