Social Security is a very important issue, and certainly I think she laid out to the public what is happening here in Congress. And I agree with her that we should not be spending the Social Security money on anything other than Social Security. And quite frankly, this is something that almost every Member of Congress, both Democrats and Republicans, agreed to last year by overwhelmingly passing the lockbox for Social Security and Medicare. Unfortunately, as has been pointed out, the Social Security trust funds would lose two-thirds of its surplus under the President's budget. And the Congressional Budget Office projects that $740 billion of this money would be used to fund things other than Social Security benefits such as the tax cuts. In the Nonpartisan Center on Budget and Policy Priorities, they estimate that the size of the tax cut is more than twice as large as the Social Security financing gap. So we could have used these resources that we were talking about and we continue to talk about to actually fix the Social Security instead of being used for this tax cut.
Karen Thurman: “Social Security is a very important issue, and certainly I think she laid out to the public what is happening here in…”
Editor's note · Context
Discussing the importance of protecting Social Security funding during a floor speech.
Share
More from Karen Thurman
And we could say the gentlewoman from Nevada (Ms. Berkley) has given us a wonderful opportunity to understand what happened in Nevada. And it would seem to me that it would be something this Congress ought to be looking at where the…
the only thing I would say then is maybe us being here tonight and talking about this issue, maybe it will give some pause; and maybe we will have the opportunity to have that debate.
as part of my continuing series on Social Security and women, I would like to focus this evening's comments on the financial risks that I believe are posed by privatizing the Social Security program. Social Security privatization would…
I rise today to talk about Social Security and the President's budget. As we all know, the budget resolution is going to come to the House today, and I think it is very important that we highlight what the budget will do to Social…





