Political Quotes

John Spratt: The blue bar charts, the blue bars above the horizontal axis show the surplus that is accumulating in Social Security…

On the recordFebruary 11, 2003
The blue bar charts, the blue bars above the horizontal axis show the surplus that is accumulating in Social Security, for now. But it is for a limited period of time, intended to be used for parents, for the retirement of the baby boomers. The red bars that get deeper and deeper as you approach 2037 show the net cash outflow in the Social Security trust fund beginning in about 2017, which is not that far away, 13, 14 years from now.
Said by
John Spratt
South Carolina

Editor's note · Context

Discussing the future of the Social Security trust fund and its projected cash flow.

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