Political Quotes

Kent Conrad: “I believe we do need to balance the budget. I believe we do need significant deficit reduction, because we face a…”

On the recordJune 13, 1996
I believe we do need to balance the budget. I believe we do need significant deficit reduction, because we face a demographic time bomb in this country. That demographic time bomb is the baby boom generation. When they begin to retire, they will double, in very short order, the number of people eligible for Social Security and Medicare, and that is going to put severe pressure on the finances of the United States. So it is critically important that we get our fiscal house in order.
Said by
Kent Conrad
Democratic · North Dakota
Source
govinfo.gov

Editor's note · Context

Discussing the need for a balanced budget amendment and deficit reduction.

Share

Share on XShare on FacebookEmail this quote

More from Kent Conrad

Apr 4, 2017

I wish I could look you in the eye and say, you know, if we just had the will, we could reverse this, and we could go back to a time when defined benefit plans were on the increase. I do not think that is in the cards.

congress.gov
Apr 4, 2017

I think there is just a tremendous opportunity here, and I really applaud the two of you for doing this in a bipartisan way.

congress.gov
Sep 6, 2016

The bottom 20 percent of earners get a 35-percent increase over what is scheduled, a more than 60-percent increase over what is payable.

congress.gov
Mar 3, 2021

All the talk in the world doesn't matter if you don't actually get something done in the real world.

congress.gov
View all Kent Conrad quotes

Other voices in this conversation