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.
Discussing the financial status of Social Security and its projected future.
Share
More from Alan Simpson
I claim the time in opposition to the amendment. The Acting CHAIR (Mr. Donalds). The gentleman from Idaho is recognized for 5 minutes.
We have two political parties in this country, the Stupid Party and the Evil Party. I belong to the Stupid Party.
Drastically reducing funding for the Wild Horse and Burro Program would have a devastating effect on our Western lands and the work we have done to manage the herd. For these reasons, I must oppose this amendment. I thank the gentleman for…
So far, I have heard accusations, but I haven't heard anything. Has she been convicted of any of this kind of stuff? I don't know. I haven't heard of any of that. Believe me, I disagree with the Secretary on a lot of issues. So far all I…
Other voices in this conversation
