Presidential radio address 8/14/2010
President Barack Obama is using the anniversary of Social Security to trumpet Democrats’ support for the popular program and accuse Republicans of trying to destroy it.
Seventy-five years after President Franklin D. Roosevelt signed Social Security into law, Obama referred to it as a “promise” in his weekly radio and Internet address. He says the government has an obligation to safeguard Social Security for seniors, people with disabilities and all Americans forever.
Obama accuses some Republican leaders in Congress of pushing to privatize Social Security, which he says “would add trillions of dollars” to the budget deficit and tie benefits “to the whims of Wall Street traders and the ups and downs of the stock market.”