Bobby Scott said "You wonder how you could pay the Social Security challenge that is shown on this chart, because instead of a nice surplus that we have been spending, we are going to have to actually come up with even more money. At the same time, the interest on the national debt is increasing. We are going to have to come up with more cash to pay this. And the tax cut, the amount of money that went to the top 1 percent in 2001, not 2003, 2001, that tax cut to the upper 1 percent only would have been sufficient to cover all of this red ink, for 75 years, no reduction in benefits." @ PoliticalQuotes.com

On the recordJune 9, 2003

You wonder how you could pay the Social Security challenge that is shown on this chart, because instead of a nice surplus that we have been spending, we are going to have to actually come up with even more money. At the same time, the interest on the national debt is increasing. We are going to have to come up with more cash to pay this. And the tax cut, the amount of money that went to the top 1 percent in 2001, not 2003, 2001, that tax cut to the upper 1 percent only would have been sufficient to cover all of this red ink, for 75 years, no reduction in benefits.

Said by

Bobby Scott

Democratic · Virginia

Source

govinfo.gov

Editor's note · Context

Discussing the financial implications of tax cuts and Social Security funding.

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