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| June 21, 2006 |
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We believe that Social Security is the cornerstone of income security for retirees, survivors, disabled workers and their families in this nation and we are committed to ensuring its future. Social Security is not in crisis. With modest adjustments, Social Security will continue to provide our children and grandchildren with the same secure, life-long, inflation-protected foundation of retirement security.
Social Security's projected shortfall after 2042 is manageable and can be corrected with responsible changes in revenue sources and/or benefits. Drastic changes, however, particularly the division of payroll taxes to personal retirement investment accounts,would worsen solvency, reduce Social Security benefits, expose beneficiaries to unnecessary risk and would erode the qualities that mark Social Security's success. These include the systems' universality, efficiency, progressive benefits, equity and the promise of benefits as an earned right.
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| June 20, 2006 |
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| We believe that the cost of prescription drugs is prohibitive and that the industry has enjoyed remarkable profit margins of 32% at the expense of consumers, especially seniors who often need more prescriptions. Moreover the industry has endangered the health of seniors by blocking the supply of prescription drugs to Americans through Canada, has spent billions of dollars on marketing and lobbying, and has not acted as good corporate citizens. Thus, we chose to become partners pf Prescription Access Litigation (PAL), a national program working to make prescription drug prices more affordable, using class action litigation and public education. |
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