Political Quotes

“There are a few things where we do disagree. As Senator Grams of Minnesota just mentioned, there is overriding concern by all of us about the future of Social Security. I think Senator Conrad on the Democratic side offered a very novel, imaginative, and positive contribution to this debate when he suggested we lock up the Social Security surplus for Social Security. This would be done by requiring that an extraordinary vote of 60 votes would be required to spend the Social Security trust fund surplus for anything other than Social Security. We understand Social Security is a solid covenant between generations. Without it, 16 million more Americans would live in poverty, and Social Security is the principal source of income for two-thirds of older Americans and the only source of income for nearly one-fifth of our seniors. This trust fund will go bankrupt in the year 2034 when people like myself, if we are lucky to be alive, will be part of the huge baby-boom generation looking to a smaller pool of American workers to sustain us. That is why the actions we take today for the future of Social Security are so critically important.”