Political Quotes

On the recordJuly 20, 2005
I am so delighted to be here with my friends and colleagues who also are very committed to strengthening Social Security to make sure that it not only is strong and a viable program for current seniors and for those of us that are the baby boomers and about to retire, but also that it is a program that is sustainable and solvent for our children and our grandchildren. That is a big challenge for us and it is easy today to put off problems that look like they are going to be 2 years in the distance, 4 years in the distance, 10 years in the distance, 25 years in the distance, to take up just what is the most pressing challenge today; but that is a wrong strategy. That strategy leaves our country vulnerable. In this case it gets worst the longer we fail to act. I am pleased our President has discussed this with the American people. He has been very forthright on what the challenges are, and he has shared with the American people that doing nothing is the most dangerous thing we can do when it comes to Social Security. We all know Social Security is a pay-as-you-go. Those that are currently working are paying for those that are currently retired. It used to be that there were 16 workers in the workforce for every retiree. Later there were 10 workers in the workforce for every retiree. Today there are 3, and so that means that considerable resources, considerable dollars that current workers make have to go to sustain each retiree.…
Said by
ANNE M. NORTHUP
Kentucky

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