Political Quotes

“what is an interesting proposition is that everybody in America now, from the President to the Democrats to the Republicans, claims we have a balanced budget. Why is it that we claim that we have a balanced budget? Well, it is not complicated. It is because we are taking in more money this year than we are spending. Now, when we take a look at the surplus, we are actually going to spend less than what we take in. And let us just presume that the surplus is $40, two twenty-dollar bills. You said to me, so, John, the surplus is $40. Where does that $40 come from? I say, well, 20 of the $40 comes from the Social Security FICA taxes that we all pay. That is the difference between how much we collect in FICA taxes and how much we pass out to our seniors. So of the $40 surplus, 20 of it is Social Security FICA taxes. We are going to put it on this side of the podium. The other $20 comes from all the other taxes that we levy in the country, the income taxes, all the taxes that Americans are subjected to; and we are going to put that $20 on the other side of the podium. Now, the $20 that comes in from the FICA tax, the Social Security tax, we are going to save it. We are going to put it right in our pockets. We are going to save it, and we are going to use it to fix Social Security long term, to save it for three generations of Americans.…”