Political Quotes

William C. Baker: “Previous administrations also have made the same conclusion, that we have about a $140 billion trust fund that will be…”

On the recordJuly 12, 1995
Previous administrations also have made the same conclusion, that we have about a $140 billion trust fund that will be exhausted because we are now for the first year spending more than we are taking in. The seniors in my district, who are relatively affluent, want more for their children than they do for themselves. And they want this system to continue. So they are not greedy and they are not selfish. They know there is a problem, but they want us to do something. I wonder if we have the guts and political will to do something.
Said by
William C. Baker
California
Source
govinfo.gov

Editor's note · Context

Addressing concerns about the sustainability of the trust fund for seniors.

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