Political Quotes

“for those Americans who are paying into the Social Security system and have paid into it, some a lot longer than others, you would probably be shocked to know that our Nation owes the Social Security trust system $1.7 trillion. That is money collected out of every working American's paycheck with the promise starting in the Reagan years, a Democratic House, a Republican Senate, a Republican President which promised that money would be set aside for retirement. They took the money, but they did not set it aside for retirement, it was spent on other things, and the Nation now owes the Social Security trust system $1.7 trillion. At the same time, they increased the fees on Medicare. It is a line item on pay stubs, and they are taking money out and setting it aside. It is supposed to help subsidize the cost of your health care after you reach 65. It will not pay for all of it, but it helps a great deal. Right now our Nation owes the Medicare trust fund $229.2 billion. Right now. The much-vaunted lockbox that my colleagues talk about, if you opened it up, you would discover it is nothing more than Tupperware; and if you opened it up, all you would find is an IOU for $229 billion.”