There's a lot we can do to improve American's retirement security, but it's wrong to replace the guaranteed benefit that Americans have earned with a guaranteed benefit cut of forty percent or more. ↗
The easy way out is to approve an early retirement plan one year but not pay out sick and vacation time to deserving employees until three years later. Unfortunately, later is now. ↗
You can imagine, if somebody's approaching retirement, and all of a sudden the funds that he or she is depending on is depleted by 50% or however many, it gives them a sinking feeling in the pit of their stomach. ↗
The fine print in the President's Social Security proposal is that all present and future workers under age 55 will have their promised retirement benefits cut. ↗
The President and I agree that Social Security needs to be preserved so that we can ensure that all Americans receive the retirement benefits they've been promised. But we disagree as to how best to fix the system. ↗
I know a lot of people in the retirement village that I have a house in in Florida that are on the Internet and are reading the paper on the Internet, and they're communicating on the Internet. ↗