As a matter of fact, if you do not take into account, as Congressman Ross just stated, the Social Security surplus, our fiscal deficit, ladies and gentlemen, is over $700 billion today.

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We had a $10 billion budget deficit when we got here in January of 2003. We cut that budget deficit; we did not raise taxes; we came back in '05, and we had an $8 billion surplus. That's how fast it can happen.

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By requiring that any surplus in Social Security taxes be returned to the American people in personal savings accounts, the plan ensures that Social Security taxes will be used for Social Security.

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The administration's reckless plan doesn't do one thing to ensure the long term security of social security, rather it undermines our economy. We need a budget and a fiscal policy that reflects the values and interests of America and restores fiscal discipline.

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And let us not forget the Social Security system. Recent studies show that undocumented workers sustain the Social Security system with a subsidy as much as $7 billion a year. Let me repeat that: $7 billion a year.

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Feel The Girl

[Intro Timbaland (Ms. Jaded)]
Ladies and gentlemen
Ladies and gentlemen
(Ms. Jade) Lay lay lay ladies and gentlemen
(Ms. Jade) Ladies and gentlemen
(Ms. Jade) Ladies and gentlemen
(Ms. Jade) Lay ladies and gentlemen
(Ms. Jade) Skrip skirt skrip lay lay
(Ms. Jade) La la la lay
Earr err err

[Verse 1 Ms. Jade]
Ms. Jade's the name comin' to ruin the game
Bringin' the thunder and rain

song performed by by Ms. Jade from Girl InterruptedReport problemRelated quotes
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The Social Security trust fund is in pretty good shape today and we should not embark upon risky, dangerous schemes which will, in fact, undermine Social Security, such as privatization.

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I believe that we should allow younger workers to contribute toward a personal account that they own, as long as it is coupled with deficit reduction measures that enhance the long-term condition of Social Security.

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Sonnet 23

Be aware gentlemen I dare say
For all those sugar coated lies
Ladies will have it their way
No matter what they can be sly
Be aware all gentlemen kind
The secrets are not in her kiss
Such confusion you will find
You'll never be sure of this
Be aware gentlemen or regret
Those gentle words and woes
Never once show her neglect
For such pain you will know
Be aware gentlemen and wise
Ladies come with many surprise

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Just a few short years ago in the year 2000, the last full fiscal year of the Clinton administration, this country was running a surplus of $236 billion.

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The first year of the Bush administration we used up all of the surplus and ended up just with the Social Security and Medicare surplus, and each year worse than the year before.

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Come Get Me

And as a special treat this evening
I have asked America's foremost young poet
to read his latest poem for us

[scratching by DJ Premier:]
"ladies and gentlemen.."
"Na-Na-Na-Nastradamus"
"Everybody watch him"
"ladies and gentlemen.."
"Na-Na-Na-Nastradamus"
"We-we-we came a long way"
"ladies and gentlemen.."
"Na-Na-Na-Nastradamus"
"Everybody watch him"
"ladies and gentlemen.."
"Na-Na-Na-Nastradamus"

[Nas]
Yo..
Yo.. yo..
Power and crime

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The deficit - the U.S. knows our deficit is too large. We are committed to bringing it down. We are bringing it down. The deficit came in for fiscal year '05 at considerably below where it was the prior year.

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No matter how you cut it, this real debate on personal accounts is about the legitimacy of Social Security; it's not about the solvency of Social Security.

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Ladies and Gentlemen

Ladies and gentlemen,
Welcome to the queen city of Babylon
And the seven hills of ancient Rome.
Welcome to that great city, that mighty city!
For in one hour is thy judgment come.
Welcome to the geographical center of evil
Of the Earth, nay the universe.
Welcome to everyone's home town
No matter where he's from.
Welcome, ladies and gentlemen, to Cincinnati!

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In my opinion, the president is right to address future funding, even though Social Security will show a surplus through 2018 and will not run out of funds until 2042.

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I said we are going to balance an $11 billion budget deficit in a $29 billion budget, so by percentage, the largest budget deficit in America, by percentage, larger than California, larger than New York, larger than Illinois. And we're going to balance that without raising taxes on the people of the state of New Jersey.

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I do not believe that the Social Security system is in crisis. The Social Security Administration itself recently reported that the system is able to pay full benefits as they are defined today until at least 2042.

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At the same time, Republicans are pushing a $70 billion tax package that will overwhelmingly benefit the most wealthy Americans and actually increases the deficit by $16 billion.

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We can have tax cuts, but when we have tax cuts and do not have a surplus, the amount of the tax cut goes straight to the bottom line, adds to the deficit, and the deficit adds to the national debt, and sooner or later, the debt has to be paid.

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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.

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