Political Quotes

Alan Simpson: The cumulated surplus in Social Security is $496 billion. We need to know that. You have listed an annual figure of $60…

On the recordJune 7, 1996
The cumulated surplus in Social Security is $496 billion. We need to know that. You have listed an annual figure of $60 billion or $69 billion. The present surplus, cumulated surplus, in Social Security today is $496 billion headed for maybe $2 trillion in the year 2010. Then a precipitous decline in accordance with the charts of the Social Security Administration.
Said by
Alan Simpson
Wyoming

Editor's note · Context

Discussing the financial status of Social Security and its projected future.

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