Political Quotes

“I am here this morning to talk about Social Security. Madam Speaker, I include in the Record two articles: The first is entitled, ``It's time for U.S. Congress to debate Social Security reform in the light of day'' by The New York Times reporter Mark Miller. The second is ``The Early Impact of COVID-19 on Job Losses among Black Women in the United States'' submitted by Michelle Holder. It's Time For U.S. Congress to Debate Social Security Reform in the Light of Day (By Mark Miller, May 5, 2022) (Reuters).--Social Security has never failed to make its benefit payments since the mailing of monthly checks began in 1940, but most Americans these days are worried about the future of the program. Who can blame them? Social Security's two trust funds are projected to run dry in 2034, and the program would be able to pay only 80 percent of its obligations to retirees and disabled workers at that point. Politicians don't exactly generate confidence when they make irresponsible--and wrong-- comments claiming that Social Security is going bankrupt or running out of money. The result is public skepticism and concern. Forty-two percent of working Americans tell Pew Research Center pollsters that they doubt they will receive any benefits from Social Security. An equal share thinks they will receive a benefit, but at a reduced level. The Social Security trustees have been projecting this shortfall since the early 1990s, but the U.S. Congress has failed to act.…”