I urge you to oppose any efforts to reduce or dismantle Social Security. Cutting this essential program equates to theft—an unjust seizure of funds that working Americans have contributed over a lifetime with the promise of future benefits. Social Security is an earned benefit, funded by payroll taxes deducted from every paycheck. To diminish or eliminate these benefits is to break the government’s obligation to its citizens.
Claims that Social Security is riddled with fraud are misleading. According to the Social Security Administration, improper payments—including fraud—account for less than 1% of total disbursements. In contrast, fraud and misconduct in the private investment sector have cost Americans billions. For example, the Securities and Exchange Commission (SEC) regularly investigates high-profile financial crimes, such as Ponzi schemes and insider trading, with far more significant financial impact than any alleged fraud in Social Security. Cases like the Bernie Madoff scandal alone defrauded investors of $64 billion—dwarfing any losses attributed to Social Security fraud.
Private retirement accounts and 401(k)s are susceptible to market manipulation, corporate misconduct, and economic downturns. Unlike these risky investments, Social Security provides a stable, guaranteed income, shielding retirees from the volatility and predatory practices that have plagued private investment markets.
Any attempt to cut, privatize, or undermine Social Security is not about reducing fraud or ensuring fiscal responsibility; it is about breaking a promise to the American people and shifting wealth into the hands of private financial institutions. I urge you to stand against these attacks and commit to strengthening Social Security for current and future generations.
I appreciate your attention to this critical issue and look forward to your response on how you plan to protect this vital program.
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