December 11,2001

Comment on the Social Security Commission's Final Report

M E M O R A N D U M

To: Reporters and Editors
Fr: Jill Gerber, 202/224-6522
Re: Social Security commission
Da: Tuesday, Dec. 11, 2001

Sen. Chuck Grassley, ranking member of the Committee on Finance, is a long-time advocate
of preserving Social Security for baby boomers and future generations. Grassley made the following
comment on the final report of President Bush’s Commission to Strengthen Social Security.

“The commission’s findings advance the Social Security debate. The commission underscores,
in plain terms, that doing nothing is not an option. If we do nothing, Social Security will go broke
when baby boomers retire. Congress should take the year that the commission recommends to review
the commission’s report, to listen to any recommendations from the President, and to respond with
legislative action as soon as possible. As a nation, we’re not getting any younger. Baby boomer
retirement is just around the corner.”