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Grace Napolitano

"To allow all U.S. workers to put part of their earnings into private investment accounts would definitely erode the Social Security system and cause uncertainty for new investors."

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"To allow all U.S. workers to put part of their earnings into private investment accounts would definitely erode the Social Security system and cause uncertainty for new investors."

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Explore more quotes by Grace Napolitano

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Grace Napolitano
"The president's claim that Social Security is going broke is misleading at best. The sky is not falling, although there is no doubt that the system needs to be strengthened."
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Grace Napolitano
"Our Hispanic community needs to understand how important the Social Security system is for not only its retired citizens, but also its disabled workers."
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Grace Napolitano
"For people who have for been putting their hard-earned money into the system for years, the president's idea would replace their safety net with a risky gamble with no assurance of a stable return of investment."
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Grace Napolitano
"Even without reforms, the Social Security fund will be able to meet 100 percent of its obligations until 2042."
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Grace Napolitano
"We must level with the people and explain to them that Social Security will first face funding problems in 2042 that can be fixed now with changes that do not undermine and ultimately drain from the entire program."
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Grace Napolitano
"Almost half of all Latinas currently on Social Security rely exclusively on their benefit check in retirement."
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Grace Napolitano
"If Congress doesn't raise taxes, you cannot get a private investment account without forgoing a portion, possibly all, of your guaranteed benefit check."
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Grace Napolitano
"Because of their low earnings and family obligations, Latinas would not be putting much money into private investment accounts. An average Latina could wind up losing thousands of dollars under this proposal."
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Grace Napolitano
"Our political leaders must be honest and forthcoming with data that will allow citizens to use facts and figures to judge for themselves what state Social Security is in."
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Grace Napolitano
"Because Social Security is specifically designed to boost the retirement income of low earners with a progressive benefit formula, the program has played an enormous and necessary role in keeping Latinas out of poverty."
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