Political Quotes

Jeff Miller: “Social Security generates approximately $75 billion more in revenue a year than it pays out. So actually, our deficit is…”

On the recordApril 23, 1997
Social Security generates approximately $75 billion more in revenue a year than it pays out. So actually, our deficit is worse than we realize, because Social Security is counted in there. What is really good about the Neumann budget is it takes care of the national debt issue and it gets Social Security on a sound basis. We have talked about Medicare earlier, we have to talk about Social Security. It does not go bankrupt for another 20 years, so we have a little bit of time. But the fact is it is hiding how bad the deficit is today; $75 billion of our deficit, it should be higher by $75 billion, because Social Security is where that money is.
Said by
Jeff Miller
Florida
Source
govinfo.gov

Editor's note · Context

Discussing the implications of Social Security on the national deficit during a budget debate.

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