Political Quotes

“there is a cancer eating away at our Nation's Social Security trust funds. The cancer is rapidly growing out of control, and unless this Congress acts, it threatens the future financial security and livelihoods of not only our senior citizens but each and every one of us. The cancer I am referring to is the impending insolvency of the Social Security disability insurance trust fund. This fund has been depleted, and some experts predict it will be completely insolvent by mid-1995. My preliminary findings lead me to conclude that the impending insolvency will occur even earlier. Because disability claims are increasing at a faster rate than anyone predicted, I believe the Social Security disability trust fund will be bankrupt by the end of this year--1994. The question you may be asking is why have not we heard anything about this? Last year, when some in Congress realized that the disability trust fund was in trouble, the Social Security Administration and others proposed what some considered the easy solution: simply take money out of Social Security's old-age and survivors trust fund [OASI]. I say that taking money out of this trust fund and away from our senior citizens and every working American is no solution. Certainly an unacceptable solution. We cannot condone or allow a raid on the Social Security old-age and survivors trust fund and, at the same time, expect to keep that fund solvent for our children or even our own generation.”