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.
quote by Nick Clooney
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We must level with the people and explain to them that Social Security will first face funding problems in 2042 that can be fixed now with changes that do not undermine and ultimately drain from the entire program.
quote by Grace Napolitano
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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.
quote by James T. Walsh
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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.
quote by Mike Pence
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Even without reforms, the Social Security fund will be able to meet 100 percent of its obligations until 2042.
quote by Grace Napolitano
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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.
quote by Bobby Scott
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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.
quote by James Roosevelt
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The president and Republicans in Congress have repeatedly promised to revisit Social Security privatization after November. But Americans have already said, loud and clear, that they don't want Social Security to be privatized or dismantled.
quote by Jim Clyburn
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President Roosevelt, the author of Social Security, was the first to suggest that, in order to provide for the country's retirement needs, Social Security would need to be supplemented by personal savings accounts.
quote by John Doolittle
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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.
quote by John W. Snow
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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.
In a prime-time address, President Bush said he backed limited federal funding for stem cell research. That's right, the President said, this is a quote, the research could help cure brain diseases like Alzheimer's, Parkinson's, and whatever it is I have.
quote by Conan O'Brien
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The fine print in the President's Social Security proposal is that all present and future workers under age 55 will have their promised retirement benefits cut.
quote by Mark Dayton
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And it's also producing a growth in debt to the United States that will weight very heavily in a country that has to address issues like having more old people to be covered by Social Security or by pension in the future.
quote by Rodrigo Rato
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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.
Let me be clear, the discussions about Social Security are not about the retirement security of those Americans who are 55 or older - the Social Security system for those folks 55 and over will not change in any way shape of form - no ifs, ands, or buts.
quote by Norm Coleman
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Since Social Security was established by President Franklin D. Roosevelt in 1935 to ensure economic security for American workers, poverty among American seniors has dramatically declined.
quote by Steve Israel
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Info For Everone
From: CLEMENT TWIFORD [mailto: [email protected]]
Sent: Saturday, October 15,2011 10: 16 AM
To: undisclosed recipients:
Subject: : Makes sense to me! !
Warren Buffett, in a recent interview with CNBC, offers one of the best
quotes about the debt ceiling:
'I could end the deficit in 5 minutes, ' he told CNBC. 'You just pass a law
that says that anytime there is a deficit of more than 3% of GDP, all
sitting members of Congress are ineligible for re-election. The 26th
amendment (granting the right to vote for 18 year-olds) took only 3 months
& 8 days to be ratified! Why? Simple! The people demanded it. That was in
1971...before computers, e-mail, cell phones, etc. Of the 27 amendments to
the Constitution, seven (7) took 1 year or less to become the law of the
land...all because of public pressure.
Warren Buffet is asking each addressee to forward this email to a minimum of
twenty people on their address list; in turn ask each of those to do
likewise.
In three days, most people in The United States of America will have the
message. This is one idea that really should be passed around.
*Congressional Reform Act of 2011*
1. No Tenure / No Pension. A Congressman collects a salary while in office
and receives no pay when they are out of office.
2. Congress (past, present & future) participates in Social Security. All
funds in the Congressional retirement fund move to the Social Security
system immediately. All future funds flow into the Social Security system,
and Congress participates with the American people. It may not be used for
any other purpose.
3. Congress can purchase their own retirement plan, just as all Americans
do.
4. Congress will no longer vote themselves a pay raise. Congressional pay
will rise by the lower of CPI or 3%.
5. Congress loses their current health care system and participates in the
same health care system as the American people.
6. Congress must equally abide by all laws they impose on the American
people.
7. All contracts with past and present Congressmen are void effective
1/1/12.
The American people did not make this contract with Congressmen. Congressmen
made all these contracts for themselves. Serving in Congress is an honor,
not a career. The Founding Fathers envisioned citizen legislators, so ours
should serve their term(s) , then go home and back to work.
If each person contacts a minimum of twenty people then it will only take
three days for most people (in the U.S.) to receive the message. Maybe it is
time.
THIS IS HOW YOU FIX CONGRESS! ! ! ! ! If you agree with the above, pass it on.
If not, just delete. You are one of my 20. Please keep it going.
poem by Louis Rams
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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.
quote by Luis Gutierrez
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Funding privatized accounts with Social Security dollars would not only make the program's long term problems worse, but many believe it represents a first step toward undermining the program's fundamental goals.
quote by Patty Murray
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I oppose the president's plan to privatize Social Security.
quote by Brian Higgins
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