Political Quotes

“I basically support this resolution. Americans have been misled by some to doubt that Social Security will provide retirement security. In fact, Social Security does not face a financial crisis. A projected shortfall occurring 34 years in the future is not a crisis, it is a projection. No other organization, public or private, has a plan for operation nearly two generations into the future. Social Security does face a political crisis if Congress abandons its commitments to guarantee benefits. This resolution is a good first move and should put to rest whether Social Security will pay full benefits. With this resolution Congress pledges to guarantee paying full benefits to current and future retirees. A pledge is good. Making it the law would be better. Congress will have to add this concept in any reform legislation we adopt to make the words of this resolution meaningful. We must work to ensure that any reform legislation Congress passes also upholds the Social Security guarantee that promised benefits are as good as money and are backed by the full faith and credit of the United States, just like our currency and bonds. I hope everyone will join me in adding meaning to this resolution by writing the Social Security guarantee into law.”