Political Quotes

On the recordFebruary 9, 2012
Your President, who you supported very strongly, of course, as I recall, when he wanted to raid the Social Security trust fund said there was no trust fund. Now, I believe there is a trust fund, and I think we have a moral responsibility to make sure that that trust fund is kept whole. And, in fact, as you well know, we will keep it whole. We will sign the proper IOUs so that that trust fund is intact. There will be no reduction in the Social Security tax, and the gentleman knows it. The gentleman knows that that trust fund will be as secure tomorrow as it is today, and I presume that both of us have a commitment to that end. Yes, we will have to make whole the trust fund money that does not come in on the tax cut, just as we had to make money for the war, for the prescription drug bill, and the Bush tax cuts whole by borrowing from somebody, usually China and other nations around the world. We went from a $5.6 trillion surplus to a $10-plus trillion deficit. Why? Because we did things and didn't pay for them. So if the gentleman is asking me do I believe the Social Security trust fund ought to be kept whole, the answer is an emphatic, absolute yes.
Said by
Steny Hoyer
Democratic · Maryland

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