Political Quotes

Angie Craig: We do not want to see the trust funds and the revenues that build up to support future generations Social Security…

On the recordFebruary 9, 1995
We do not want to see the trust funds and the revenues that build up to support future generations Social Security checks used to balance the budget. The tragedy is today they are. Today the surpluses are spent through the general fund and notes are deposited in the trust funds, interest bearing notes. This is a requirement of the law, the law that created Social Security. That is what goes on today. So the Social Security stability, while there are revenues coming in in the form of taxes, has always been based on the willingness of the Congress of the United States... to assure its stability because we, by voting every year to pass a unified Federal budget, vote on the expenditure of moneys from the trust fund to things other than Social Security because the money is borrowed from the trust fund and expended out through the general fund.
Said by
Angie Craig
Democratic · Minnesota

Editor's note · Context

Discussing the use of Social Security trust funds in relation to the federal budget.

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