Jon S. Corzine: “Would the chairman acknowledge the $160 billion is only for 5 years?…”

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?

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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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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…”

Editor's note · Context