Social Security: Local Opinions

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In just a couple hours President Bush with address the nation in his fifth State of the Union Address. A lot of the 40-minute speech will focus on Social Security, but what do you want?

Republican congressional officials say Bush's plan will leave retiree benefits for those 55 and older alone.

President Bush's plan calls for personal savings accounts for younger Americans who still have time to save for retirement. For the most part seniors have come out against privatization, but this change could bring in their support.

I talked with people of all ages to see what those in our area think about possible changes to the 70-year-old Social Security system.

Earnest Hernlem, who draws Social Security, says, "I think it's just fine the way it is and I don't believe in having it privatized."

Renate Kelly adds, "In the future we'll have a harder time because we'll have more people drawing than paying in."

Billy Long says, "I think if they re-manage it, it'll be alright. I think it's mismanaged."

Stephanie Gilmore explains, "I want to be able to retire and have my Social Security given back to me. You know, I don't want to be 65 years old and homeless and, you know, without anything because of something that somebody else did when I was younger."

President Bush is not expected to lay out specifics for change Wednesday night. White House officials say the president wants to work with congressional leaders to hammer out those details.

You can watch the State of the Union live at 8:00 Wednesday night on Newschannel 7.