Arbor Update

Ann Arbor Area Community News

Rep. Levin (D-MI) Blasts Social Security Reform

26. March 2005 • Ari Paul
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CNN reports:

President Bush’s proposal to change Social Security by creating retirement investment accounts for younger workers would shatter the New Deal-era program and burden future generations with debt, a Michigan congressman said Saturday.

“This would have dire consequences including major borrowing and massive benefit cuts. It would mean the dismantling of Social Security as we know it,” Rep. Sandy Levin, the senior Democrat on the House Ways and Means Social Security subcommittee, said in the Democratic Party’s weekly radio address.