Political Quotes

“Mr. President, let me be very clear and say that this fight--what some of us see on our TV screens and what we hear from some politicians--the simple truth is that Social Security is not going broke. Social Security is not going broke. Today, Social Security has a $2.8 trillion surplus in its trust fund and can pay out all benefits to all beneficiaries, the elderly and the disabled, for the next 18 years. This is not the opinion of Senator Bernie Sanders. This is the opinion of the Social Security Administration in their latest report. There is and can be no debate about these simple facts. If we rebalance funds, as President Obama and many others have proposed, all benefits-- retiree benefits for our older Americans and disabled benefits for disabled Americans--would be paid out for the next 18 years--the next 18 years. So people who come before you and say Social Security is going broke, they are simply not telling the truth. While this 18-year period makes it clear that we do not have an imminent crisis with regard to Social Security, I do agree with those who want to make sure Social Security is solvent for a lot longer than 18 years, for our kids and for our grandchildren. Frankly, when we talk about the long-term solvency of Social Security, and that of course includes disability insurance as well, there are two basic approaches we can take for those who want to extend Social Security for many decades.…”