Mike Thompson on the Privatization of Social Security

Where has Mike Thompson stood on the privatization of Social Security?

Rep. Mike Thompson directly told the Napa Valley Register that the privatization of Social Security “needs” to happen “in a measured way.”

Has Mike Thompson really said he that the privatization of social security needs to happen?

Yes — to the Napa Valley Register.

But don’t worry, he said it should only happen “in a measured way.”

What is the full quote of Mike Thompson in the Napa Valley Register talking about the privatization in the Napa Valley Register?

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On privatization of Social Security:

“It needs to be done in a measured way — a way that will ensure that the investments are safe,” Thompson said, adding that “only a small percentage should be privately invested so that financial markets are not adversely affected.“

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Yes, Rep. Thompson’s concerns about privatization are to do so “in a measured way” as to not risk the investments. His priorities were about financial markets. Even before he earned the title of the most corporate-funded California Democrat, Mike Thompson’s priorities have never been the people of his district or the American people.