DNC Chair Debbie Wasserman Schultz released the following statement today commemorating the 77th anniversary of the day President Franklin Delano Roosevelt signed the Social Security Act into law, on August 14, 1935:
“Seventy-seven years ago, we made a promise to America’s seniors that they would be able to retire with the dignity and security that they had earned through a lifetime of hard work. Today, President Obama and Democrats remain committed to preserving and protecting Social Security for millions of seniors across the country and for future generations of Americans. We will always stand up for this sacred trust between seniors and our country.
“Unfortunately, we aren’t seeing that same commitment from the Romney-Ryan ticket, which has presented a grave threat to the earned benefits of millions of America’s seniors. Mitt Romney’s economic plan – budget-busting tax cuts for millionaires and billionaires paid for by tax hikes on middle-class families – would mean significant cuts to Social Security and would jeopardize benefits for future generations. Additionally, the Romney-Ryan budget would end Medicare as we know it by turning it into a voucher system, increasing seniors’ health care costs by thousands of dollars a year. And Congressman Ryan has even gone as far as proposing a plan that would have privatized Social Security – subjecting the retirement security of our nation’s seniors to the whims of the stock market.
“On the 77th birthday of Social Security, we know the very last thing we ought to be doing is putting at risk the retirement security of millions of America’s seniors. President Obama will never allow that to happen, and in a second term, we know he will continue to hold up our end of the bargain for our nation’s seniors by fighting to strengthen and protect their hard-earned benefits.”