Congressman Young voted at least four times against stating that Social Security should never be privatized. Young’s vote could allow our social security money to be funneled into private accounts, where Wall Street firms could reap billions in fees. He is also on record calling Social Security a “Ponzi scheme.” You can review the video here.
YOUNG VOTED AGAINST PROTECTING SOCIAL SECURITY FROM PRIVATIZATION…
…WHICH COULD ALLOW WALL STREET TO REAP BILLIONS IN FEES AS SOCIAL SECURITY WAS FUNNELED INTO PRIVATE ACCOUNTS
Wall Street Firms Could Reap Billions In Management Fees If Social Security Taxes Were Funneled Into Private Accounts. [Los Angeles Times, 1/18/05]
Privatizing Social Security Could Be A Windfall For Wall Street, Generating Billions In Fees. [NBC News, 12/28/04]