Owens says opponent Doheny's social security plan serves Wall Street, not N.C.
Tuesday, October 12, 2010 - 5:32 pm

Congressman Bill Owens' campaign says Republican Matt Doheny's desire to privatize parts of Social Security "may serve Wall Street well, but it’s wrong for Upstate seniors."

Candidate Doheny, who told the Syracuse Post Standard in an article on Monday that he is open to privatizing social security, is "pushing an agenda that runs an all-out assault on Upstate seniors, veterans, and the disabled," Owens said.

"We have a great duty to preserve Social Security for future generations while maintaining the system for those who worked hard and paid into it all their lives," said Owens. "Unfortunately, my opponent believes Social Security will benefit from the same tactics he used on Wall Street to lay off American workers and award $35 million in bonuses to executives.

The Post-Standard article said Doheny believes "all options (including privatization) should be on the table for future reform" but wants to protect Social Security for current and near-future recipients. "For those who are retired or about to retire, the program should not be changed."

The same article said that Owens told them he opposes privatization in any form. "We have a great duty to preserve Social Security for future generations while maintaining the system for those who worked hard and paid into it all their lives." He wants better fiscal responsibility in Congress to make sure long-term funding is available for Social Security.

"Social Security has kept generations of seniors out of poverty," Owens said in response to Doheny's stance.

"My opponent believes it is a bad investment. This is just one of the many contrasts between us that reinforce how wrong Matt Doheny’s agenda is for Upstate New York," Owens said.