Political Quotes

Karen Thurman: “if we go to page 11 of that report, and under conclusions, No. 2, and the gentleman from Washington can say this back to…”

On the recordMarch 2, 1999
if we go to page 11 of that report, and under conclusions, No. 2, and the gentleman from Washington can say this back to his son, because of the transition tax, and again, I go back to that, inherent in any move away from pay-as-you-go social security, no cohort now alive could avoid serious economic losses from partly or fully privatizing social security, even under the most unrealistic set of assumptions. All cohorts now living would be substantially better off with even a scaled-back, balanced, pay-as-you-go retirement program.
Said by
Karen Thurman
Democratic · Florida
Source
govinfo.gov

Editor's note · Context

Discussing the implications of privatizing Social Security during a debate.

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