#social security

The President has no real plan to address the fiscal challenges arising from the retirement of the baby boom generation, let alone a plan to fix Social Security. ↗

— Jack Reed

#alone #arising #baby #boom #challenges

Even the Congressional Budget Office and the Social Security trustees appointed by the president say that Social Security is financially sound, without any changes for the next 40 to 50 years. ↗

— James Roosevelt

#appointed #budget #changes #congressional #even

It has to have a payroll tax that's dedicated to Social Security. The Social Security tax has been very successful over the years in raising almost all of our elderly citizens out of poverty. ↗

— James Roosevelt

#been #citizens #dedicated #elderly #our

Social Security should have a self-sustaining portion that was funded by contributions from both employers and employees. That's what we know and have known for 70 successful years. ↗

— James Roosevelt

#contributions #employees #employers #funded #know

I think we'll build a consensus for action on Social Security reform which will reduce that long-term unfunded obligation and put the system on a sustainable basis. ↗

— John W. Snow

#basis #build #consensus #i #i think

Social Security represents an $11 trillion unfunded obligation. And when I say unfunded obligation, I mean we have to come up with $11 trillion at some point to make the system whole. ↗

— John W. Snow

#i #make #mean #obligation #point

We have a serious structural deficit problem. And it needs to be addressed. The president is trying to address it through reforms of Social Security, but the problem is there with other entitlement programs like Medicare and Medicaid. ↗

— John W. Snow

#addressed #deficit #entitlement #entitlement programs #like

We promote domestic savings by also things like the personal accounts associated with the president's Social Security initiative, which over time would generate more savings. ↗

— John W. Snow

#also #associated #domestic #generate #initiative

In other words, Social Security is every bit as insecure as the stock market. ↗

— Tony Snow

#every #in other words #insecure #market #other

The real sin with Social Security is that it's a long-term rip-off and a short-term scam. ↗

— Tony Snow

#real #rip-off #scam #security #short-term