Political Quotes

Charles W. Stenholm: “I do not believe the gentleman intentionally misspoke regarding the President's budget and the utilization of Social…”

On the recordMarch 7, 2001
I do not believe the gentleman intentionally misspoke regarding the President's budget and the utilization of Social Security and Medicare trust funds. I know he did not intentionally, and all I say is if the gentleman will carefully examine the President's budget, I believe he will find that there is a double counting of the Social Security and Medicare trust funds because I believe the gentleman and I will agree that those moneys that are now being paid in by the hard-working men and women today, everybody paying into the Social Security trust funds, those moneys are already obligated. When the baby boomers begin to retire in about 4 years, and it really hits in 2011, the Social Security trust fund has big problems in paying off.
Source
govinfo.gov

Editor's note · Context

Discussing concerns about the President's budget and its impact on Social Security and Medicare trust funds.

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