#social security

It's not 2038 that Social Security is bankrupt. It's now. ↗

— Gary Johnson

#now #security #social #social security

The rate of return on Social Security for people nearing retirement is about 1.5 percent. By the time young children like mine are ready to retire, that rate of return will be a negative percentage. ↗

— Paul Ryan

#by the time #children #like #mine #nearing

This debt crisis coming to our country. The wall and tidal wave of debt that is befalling our nation. Medicare and Social Security go bankrupt within ten years, we have a debt that is looming so high that in the last year of President Obama's budget just the interest payments on our debt is $916 billion dollars. ↗

— Paul Ryan

#billion #budget #coming #country #crisis

I was very concerned that President Bush is still trying to frighten or scare the American people with respect to the condition of the Social Security system. ↗

— Paul Sarbanes

#american people #bush #concerned #condition #frighten

We are confronting a situation in which the Administration, in my view, is once again manufacturing a crisis. There is no crisis in the Social Security system. The system is not on the verge of bankruptcy. ↗

— Paul Sarbanes

#again #bankruptcy #confronting #crisis #manufacturing

Despite the state of denial exhibited by most Democrats, Americans all across the nation acknowledge that changes are necessary to preserve Social Security for today's younger workers. ↗

— Jim Sensenbrenner

#across #changes #democrats #denial #despite

Germany, I think, was first to substitute a Social Security program for its elderly based on this premise, that is, that we would tax workers to pay retirement benefits for those retired. ↗

— John Shadegg

#benefits #elderly #first #germany #i

Indeed, I think most Americans now know that in 1935 when Social Security was created, there were some 42 Americans working for every American collecting retirement benefits. ↗

— John Shadegg

#benefits #collecting #created #every #i

The reality is that the workforce relative to the number of people retired has shrunk and today in America there are only 3.3 working Americans paying payroll taxes to support each individual currently retired and collecting Social Security taxes. ↗

— John Shadegg

#collecting #currently #each #individual #number

I think President Bush tried to step up on Social Security even though the polls showed that was unpopular. He has not been successful and backed off, but I admire people who take on big problems. ↗

— Donna Shalala

#backed #been #big #big problems #bush