A Democrat. And then use part of that surplus that we all want to keep coming in, use part of that projected surplus to make up the difference. That is a tax cut. That is a tax cut for the people who need it the most. That is also helping every American who is working and paying payroll taxes become richer. As Senator Bob Kerrey says, my goal is to help every American in this country become wealthier. And the way to do that is to set up these personal accounts while at the same time preserving that safety net for those who are currently in the program and for those who are coming into the program in, say, the next 10 or 15 years. And I think that you can do it. If we look at the surplus that is coming along, if we look at the projections that have been done already through CBO on plans that are like this. I just do not buy this, quote, this risky language that we hear all the time. As the gentleman said earlier, those are scare tactics. We need to have a civil, calm discussion and try to achieve goals that are common to both sides. But I think simply saying that the status quo is the only way is not recognizing what the experts from the Social Security advisory commission are telling us. They are warning us this.
Greg Ganske: “A Democrat. And then use part of that surplus that we all want to keep coming in, use part of that projected surplus to…”
Editor's note · Context
Discussing the use of budget surplus for tax cuts and personal accounts in Social Security.
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