Political Quotes

On the recordJanuary 6, 2011
The problem that we run into in a budget context is those bonds that Social Security holds that are real assets.
Said by
Kent Conrad
Democratic · North Dakota

Editor's note · Context

Conrad discusses the implications of Social Security bonds on the federal budget.

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More from Kent Conrad

Sep 6, 2016

We had literally hundreds of people and groups come before this commission. We listened intently for all sides on how we could fix these challenges.

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We all know that Social Security is going to have to be dealt with, or we are going to face by 2034 at the latest--many of us believe it will be earlier than that---an across-the-board 23-percent cut.

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There is a societal cost that is sort of hidden, isn't there?

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