WASHINGTON, DC - Ways and Means Committee Chairman Sander M. Levin (D-MI) issued the following statement today to mark the 75th anniversary of the enactment of the Social Security Act, which is tomorrow, August 14:
"On this 75th Anniversary, millions of Americans can attest to the strength, and value, of Social Security’s guaranteed benefits. Social Security has not missed a check in its history and Democrats in Congress are committed to ensuring it remains a bedrock of retirement security for generations to come. As our nation digs out from the economic recession, we are reminded of the important role Social Security’s benefits have played, helping millions of our fellow Americans maintain a quality of life and avoid falling into poverty. The recession also sent a chilling reminder of the dangers of privatizing Social Security, leaving it vulnerable to the ups and downs of the stock market. America overwhelmingly rejected privatization under President Bush and we will continue to fight plans by Republicans in Congress to undermine and jeopardize this trusted and vital program."
