Posted by on August 14, 2010 at 6:00 AM EDT
On the 75th anniversary of Social Security, President Obama promises to protect it from Republican leaders in Congress who have made privatization a key part of their agenda. He makes clear that, especially in light of the financial crisis, gambling Social Security on Wall Street makes no sense.
The Republican view of Social Security is nineteenth century. The Democratic Party will protect this reform to make sure that Wall Street doesn't loot the Social Security trust fund.
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