Political Quotes

Mark Neumann: The Social Security System this year is collecting about $450 billion from taxpayers all across America, including my…

On the recordFebruary 25, 1998
The Social Security System this year is collecting about $450 billion from taxpayers all across America, including my 15-year-old son who is paying about $300 into that system. So they are collecting about $450 billion this year. They are paying about $360 billion back out to our senior citizens in benefits, and that leaves a $90 billion surplus in the Social Security Trust Fund, and this is a true surplus. But instead of putting that money into a savings account to preserve and protect Social Security, that money, instead, is being put into the government's big checkbook, or general fund, and is being spent on other programs. In the President's budget he did not propose that we take the surplus, whatever is left over in that big government checkbook, and put it into Social Security. Instead, his budget proposes we take that surplus, whatever is left over, which is not the way Social Security should be treated, and he proposes we take that and pay off nonSocial Security debt. He does not propose we put that money back down into the Social Security Trust Fund where it actually belongs. This is a big problem facing our country; and it is here in the near term, not in the long term. It is time to put Social Security first by putting real dollars into the Social Security Trust Fund.
Said by
Mark Neumann
Wisconsin

Editor's note · Context

Addressing the handling of the Social Security surplus in the President's budget.

Share

More from Mark Neumann

Jun 23, 1998

This is really about whether or not the United States government is going to interfere and mandate higher prices than the market would bear for peanuts. The price those farmers are farming and selling those peanuts, who are not under the…

govinfo.gov
Oct 20, 1998

11 years ago in 1987, a Democrat Congress sent President Reagan a massive omnibus bill. It weighed about 24 pounds, had about 2100 pages. And in his State of the Union address the next year, President Reagan took that bill, slammed it on…

govinfo.gov
Jun 23, 1998

No, sir, that is $23 billion in a single year. That is almost $100 for every man, woman and child in the whole United States of America, to put this in perspective. You know we throw these billions around like basically speaking that $1…

govinfo.gov
Jun 23, 1998

I rise tonight to encourage my colleagues to take a deep breath and slow down, because things are happening very, very fast out here. When things start happening very, very fast in Washington, D.C., what happens is we lose track and we…

govinfo.gov

Other voices in this conversation