Political Quotes

“on February 8, I said that there was a cancer eating away at our Nation's Social Security trust funds. I warned that unless this Congress acted soon, the future financial security of not only our senior citizens but each and every one of us would be at risk. On February 8, I predict that the Social Security disability trust fund could become insolvent by the end of this year. At that time, some scoffed at my suggestions. In fact, my call for action was no exaggeration. My assumptions were confirmed by a recent report by the Social Security board of trustees. The 1994 Annual Report of the Social Security board of trustees states that this fund will have a $4 billion deficit by the end of 1995. By the end of the century, the disability trust fund will have a negative balance of $78 billion. That deficit will almost double by the year 2003 to $144 billion, if Congress and the Clinton administration do not take steps to correct this impending financial nightmare. An editorial in Monday's Washington Post only confirms my fears.”