Political Quotes

Mark Neumann: If we have 90 percent of the money that is coming in for Social Security over and above what we are paying back out to…

On the recordSeptember 16, 1998
If we have 90 percent of the money that is coming in for Social Security over and above what we are paying back out to seniors in benefits and 90 percent of that money is set aside and 10 percent is used for tax cuts because that is the proposal out here; this proposal is not that they take 10 percent of the tax cut money out of Social Security, they are taking all of the tax cut money out of Social Security, and the question would be: Would they find that acceptable? And I suspect the answer to that question is the same as it was to the previous question. So I kind of start there with an understanding that in my mind at least the money that is coming in from Social Security over and above the money that is going back out to seniors in benefits ought to actually be set aside for Social Security the way any business would be required to set aside their pension money. It seems to me that any business in America would be required to put real money into their pension fund so that their employees could reasonably expect to get their pension when they got to retirement, and that really is the Social Security discussion that we are having today.
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Mark Neumann
Wisconsin

Editor's note · Context

Discussing the allocation of Social Security funds and tax cuts.

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