Kendrick Meek: “It is like walking down the hall and you never get to the end as it relates to the deficit. Let me just tell you a…”

“It is like walking down the hall and you never get to the end as it relates to the deficit. Let me just tell you a little bit more about this plan, because I had an opportunity to jot some things down. Let me just further break this down and water it down a little bit more so that we can all understand, every Member of Congress can understand exactly what we are doing or what some individuals would like to do. Under this new plan that they have put forth, Members of Congress, a Member in the House and another Member in the other body, they basically said under the current annual surpluses would shift to private accounts, so they are saying that what we have now as it relates to the surpluses in the Social Security trust fund would now be shifted to private accounts. The sponsors even admit the fact that this plan would do nothing to restore solvency to Social Security. This will not solve the Social Security issue.”