Political Quotes

John Sarbanes: “As I understand it, if we didn't do that, that $2.7 trillion would be in the Social Security trust fund to help us take…”

On the recordApril 11, 2003
As I understand it, if we didn't do that, that $2.7 trillion would be in the Social Security trust fund to help us take care of the extra stress on the system that will come from the retirement of the baby boomers, this upsurge in people taking retirement, so that one needs to understand if you didn't do the tax cut or if you constrained some of these other programs, you wouldn't then be drawing down the Social Security trust fund and, therefore, it would be in a better position to address the extra stress that will come when the baby boom generation retires. Is that the connection one should be making here?
Said by
John Sarbanes
Democratic · Maryland

Editor's note · Context

Discussing the implications of tax cuts on the Social Security trust fund during a floor speech.

Share

More from John Sarbanes

Jun 21, 2023

Each of which--each of which--would hamper EPA's ability to regulate air pollution and, unfortunately, continues this Republican agenda of putting Big Oil interests over the interests of the public.

congress.gov
May 9, 2023

It's a national environmental treasure. It's a regional economic engine. It's been one of my top priorities since I've come to Congress.

congress.gov
Oct 17, 2023

The health of the Chesapeake Bay and its watershed can only continue to improve through robust Federal, state, and local partnerships.

congress.gov
Oct 17, 2023

We would like to thank Rep. Sarbanes for introducing this important piece of bipartisan legislation

congress.gov

Other voices in this conversation