Political Quotes

Jon S. Corzine: “would the chairman acknowledge the $160 billion is only for 5 years? If you were to implement this policy over the full…”

On the recordMarch 10, 2004
would the chairman acknowledge the $160 billion is only for 5 years? If you were to implement this policy over the full 75-year timeframe, the present value would be roughly $1 trillion. My calculation is not down to the last decimal point. But the point being not that $160 billion will save Social Security, nor $1 trillion, but doesn't the Senator think we ought to be making steps, even if it is not this approach, to begin to address these shortfalls as we go forward?
Said by
Jon S. Corzine
Democratic · New Jersey
Source
govinfo.gov

Editor's note · Context

Discussing the financial implications of Social Security reform.

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