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Pelosi: 'Stop Robbing the Social Security Trust Fund of Its Money'
March 2, 2005
Washington, D.C. - House Democratic Leader Nancy Pelosi released the following statement on Federal Reserve Chairman Alan Greenspan's comments before the House Budget Committee on the need to address quickly Social Security and Medicare funding issues:
"I wish Chairman Greenspan would ask his Republican colleagues to take quick action against deficit spending. President Bush and the Republicans have created a record deficit and are raiding the Social Security trust fund to make up for it.
"The Chairman is right, Medicare is a crisis and I wish the President would address it. But the President's solution should not be to make the Social Security problem worse.
"Democrats are fighting to put our financial house in order with common sense budgeting and pay-as-you-go spending. President Bush and the Republicans in Congress should stop their deficit spending and stop robbing the Social Security trust fund of its money.
"Democrats are ready to work with Republicans to address the challenges facing Social Security and Medicare. But we will not support any plan that harms the middle class, jeopardizes guaranteed Social Security benefits, or increases the deficit. We will fight to protect and strengthen Social Security and Medicare."
