Political Quotes

On the recordSeptember 16, 2003
I want to end with this chart that reminds people of the hole that we have dug ourselves into. And when people ask what is the Democratic plan, I just point to the green because that was done without any Republican assistance, and here we are right now. As we look at how dire this situation is, we have to look forward to the Social Security situation where we will not enjoy a nice surplus year after year. We are going to have a challenge of deficits in the Social Security plan that we could have covered with just what the 1 percent got in the 2001, not the 2003, not what everybody got, but the top 1 percent got in 2001 would have been more than enough to cover all of this deficit. But we have a challenge with Social Security, and we are going in the wrong direction. I thank all Members that participated tonight because we have to remind people how bad a situation it is. We can change directions as we did in 1993 and go back to fiscal sanity, go back and do a surplus, pay off the national debt, or we can continue in the direction we are going now. We will make those decisions in the upcoming weeks.
Said by
Bobby Scott
Democratic · Virginia

Editor's note · Context

Discussing the fiscal challenges facing Social Security and the need for a change in direction.

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