Political Quotes

“as we read about the scandals in the private sector and as we hear the President go to Wall Street to try to get them to do a better job with their accounting practices, it strikes me that the President would have much better spent his time if he had given that speech here in these halls. You see, as we talk about false billing and cooking the books going on on Wall Street, there is no more false billing and there is no bigger cooking of the books than right here in the halls of Congress and in the other body. I guess the average American would be dumfounded to know that the taxes that they pay every month called FICA, their Social Security taxes, they think is being set aside for their Social Security, would they not be surprised to find out that as of this moment, our Nation owes the Social Security trust fund $1.3 trillion. There is not a penny in that account, nothing but an IOU of some government securities. Folks who pay taxes know that on that pay stub is a tax for Medicare. They presume it is being set aside to pay for their medical expenses when they get older. They would be shocked to find out that as of this moment, if you could find that imaginary lockbox, that we owe the Medicare trust fund $271 billion.”