Political Quotes

On the recordApril 1, 1998
I want to shout this point at the American people: They are trying to scare you out of your Social Security. You don't think you are going to get it now. Why, I am not sure. But ask anyone on the streets at home. Ask someone in their thirties or in their forties. The polls are clear. People do not expect to get it. Partly this is bad management at the Social Security Administration. It got lost in the HEW and then HHS. In 1994, we re-created it as an independent agency with an independent Administrator, but the SSA never tells people that the agency knows their name, what they are going to get in benefits, and that they are on top of this. I say it right now, there are people who would like to scare you into thinking you are not going to get Social Security, so don't worry about it when they take it away, and what they are going to make you instead is a millionaire in the stock market. I don't think that will happen. I don't think it should. I think we should allow the accommodation of both. I think we should begin, if I can use a term from the academy, to demystify some of these claims, not by Senator Roth, who is loyal to this institution. He has been on the Finance Committee for 30 years and has helped maintain the system. But there are those who are out to do away with it. Why, I do not know.…
Said by
Patrick Moynihan
Illinois

Editor's note · Context

Addressing concerns about Social Security and misinformation surrounding its future.

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