Political Quotes

“I would ask everybody to hold onto their hats. I am going to spend the next 30 minutes talking about Social Security. And maybe the question should be, why should anybody be interested in what the situation is in this country with Social Security? I suggest seniors that are now retired should be very concerned, because Social Security is going to have less money coming in in payroll taxes than is going to be required to meet the benefits as early as 2002. I would suggest that young people should be very interested in Congress and the President facing up to the real issue of starting to solve the Social Security problem, because when they retire, their retirement is going to be at risk unless we do something. I would certainly suggest that my grandkids, and Bonnie and I have seven grandkids, should be very concerned, because if we do nothing, they are going to be asked to pay huge amounts of their taxes, up to 85 percent of what they earn, just to cover the Social Security benefits. So something has to be done. I wanted to start tonight with the President's budget. I think we start by getting rid of some misconceptions, if you will, hoodwinking of the American people, on the balanced budget. I think the American people know this. What we are doing is borrowing from Social Security to balance the budget.”