Nick Smith said "I would suggest many of us are very concerned that we are going to review a proposal that might not keep Social Security solvent for the next 75 to 100 years. I think it is important that we urge the President, that we urge this Commission, to come back to this legislative body with a proposal that is going to at least keep Social Security solvent for the next 75 years. Social Security is a pay-as-you-go program. It is going broke as we experience demographics that represent a decline in the birth rate and an increase in life expectancy. It is a good program for America. It is a serious problem. We need to protect Social Security." @ PoliticalQuotes.com

On the recordMay 8, 2001

I would suggest many of us are very concerned that we are going to review a proposal that might not keep Social Security solvent for the next 75 to 100 years. I think it is important that we urge the President, that we urge this Commission, to come back to this legislative body with a proposal that is going to at least keep Social Security solvent for the next 75 years. Social Security is a pay-as-you-go program. It is going broke as we experience demographics that represent a decline in the birth rate and an increase in life expectancy. It is a good program for America. It is a serious problem. We need to protect Social Security.

Said by

Nick Smith

Republican · Michigan

Source

govinfo.gov

Editor's note · Context

Addressing concerns about the future solvency of Social Security during a discussion on the President's Commission.

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