Dick Durbin: “These true deficits are at the expense of the Social Security trust…”

On the recordFebruary 26, 2003

These true deficits are at the expense of the Social Security trust fund. In the closing years of the Clinton administration, surpluses that we generated were paying off the debt of the Social Security trust fund, making it a stronger program for years to come, as baby boomers will arrive and ask for benefits. Now, in the Bush administration, with tax cuts for the wealthiest people in America, we are raiding the Social Security trust fund and weakening it at a time when we know we need it the most.

Said by

Dick Durbin

Democratic · Illinois

Source

govinfo.gov

Editor's note · Context

Discussing the impact of tax cuts on the Social Security trust fund during a Senate floor debate.

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Dick Durbin: “These true deficits are at the expense of the Social Security trust fund. In the closing years of the Clinton…”

Editor's note · Context