Alan Simpson: “Whether we call it balanced or unbalanced in the year 2002, whether…”

On the recordJune 7, 1996

Whether we call it balanced or unbalanced in the year 2002, whether under the Republican plan or President Clinton's plan or Chafee-Breaux, Social Security moneys will be in exactly the same place. That is what I am saying. It will be in the form of Treasury bills or notes backed by the full faith and credit of the United States. So if you want me to say it will be balanced, fine. If you want me to say it will be unbalanced, fine. But the issue is, this will go on like ``Old Man River,'' and all America ought to know that.

Said by

Alan Simpson

Wyoming

Source

govinfo.gov

Editor's note · Context

Discussing the future of Social Security funding during a floor debate.

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Alan Simpson: “Whether we call it balanced or unbalanced in the year 2002, whether under the Republican plan or President Clinton's…”

Editor's note · Context