Political Quotes

On the recordMay 20, 2014
the program is insolvent. The present value of the promised benefits is much greater than the present value of the revenue that is meant to pay those benefits.
Said by
Pat Toomey
Republican · Pennsylvania

Editor's note · Context

Toomey emphasizes the insolvency of Social Security and the need for structural reform.

Share

More from Pat Toomey

Jul 30, 2022

It's a budgetary gimmick that has the intent of making it possible to have a huge explosion in unrelated spending. This is not what this bill was about. We can fix it. We can do it immediately.

nbcnews.com
Aug 1, 2022

Working Americans are getting poorer every day.

congress.gov
Aug 1, 2022

Government actions that raise my costs ultimately impact my residents and my ability to provide affordable housing.

congress.gov
Dec 13, 2022

There was unauthorized lending of customer assets to an affiliated entity, and there were apparently fraudulent promises to investors and customers about FTX's operations.

congress.gov

Other voices in this conversation