CNN/AP: Iowa Democrat: Don't trust GOP on Social Security
Saturday, July 8, 2006
DES MOINES, Iowa (AP) -- The Republican plan to privatize the Social Security pension program could cause huge debt for decades, a Democratic candidate seeking a House seat in Iowa, a state with a high concentration of elderly residents, argued Saturday.
"If the Republican plan is allowed to pass, future generations both here and across the country will be saddled with decades of debt and no guaranteed retirement security," Bruce Braley said in the Democrats' weekly radio address.
Braley, 48, an attorney from Waterloo, Iowa, faces Republican Mike Whalen in the contest to fill the seat being vacated by Republican Rep. Jim Nussle, who is running for governor. The race is considered one of the more competitive in the country.
Braley said Social Security is under attack, with President Bush and congressional Republicans making privatization a top priority in 2007. He also accused the Bush administration of "plundering the Social Security trust fund while giving billions away to special interests, like big oil."
"They are spending the money seniors rely on while making no effort to balance the budget or protect the limited funds we have for retirement security," he said....
http://www.cnn.com/2006/POLITICS/07/08/democrat.radio.ap/index.html