Political Quotes

Greg Ganske: “I agree with the gentlewoman, let us say that you did set up personal accounts, and how you do that is open to debate…”

On the recordMay 18, 2000
I agree with the gentlewoman, let us say that you did set up personal accounts, and how you do that is open to debate, but let us say that you did that, you reduced the average payroll tax for a worker; let us, say, number one that we are not going to change the benefits for anyone over the age of 50 or 55, but let us say you set up personal accounts with 2 percent, with that 2 percent of the 12.4 percent, my point would be that that is in their name, and as Senator Kerrey says, my goal is to help everyone in this country become richer. That is an automatic increase in wealth for them, but the gentlewoman is absolutely correct. If you take 2 percent out of that 12.4 percent, that is about $1 in $6 of current revenues going into Social Security that is not in that trust fund.
Said by
Greg Ganske
Republican · Iowa
Source
govinfo.gov

Editor's note · Context

Discussing the implications of personal accounts on Social Security during a floor debate.

Share

Share on XShare on FacebookEmail this quote

More from Greg Ganske

Nov 15, 2001

September 11 did change this country. As we were just discussing here on the floor, all of us have very vivid memories of September 11. We see images seared into our minds of airplanes flying into buildings, those tall World Trade Center…

govinfo.gov
Jul 31, 2001

And would the gentleman say that the reason for that is that his bill is focusing primarily on the initial creation of this blastocyst or the equivalent of a fertilized egg and the problems that that would have because we would be…

govinfo.gov
May 2, 2002

I am for the rule, but after listening to and learning from many of Iowa's leading farmers, I will vote against this farm bill conference report. It is fair to say that many farmers in Iowa have deep reservations about this bill. This farm…

govinfo.gov
Oct 9, 2001

Tuesday, September 11, is forever seared into our minds. We will never forget the images of planes flying into tall buildings and exploding, people choosing to jump off buildings rather than burn to death, buildings collapsing on rescuers…

govinfo.gov
View all Greg Ganske quotes

Other voices in this conversation