Glenn Hubbard Quotes

Unless we get entitlement costs under control, Social Security will inevitably square off against national security.

No one was elected to Congress because he or she promised to cut Social Security, Medicare or Medicaid.

Social Security, Medicare and Medicaid account for half the Federal spending.

The mortal enemies of Social Security and Medicare are those who, in contempt of the plain arithmetic, continue to mislead Americans that we should change nothing.

Medicaid is essentially bankrupt, Medicare is essentially bankrupt, why the heck would we give the federal government another entitlement program to manage?

The Democrats generally recoil from the subject of entitlements.

To deal with entitlements we must either raise taxes, cut benefits, or borrow inordinate amounts of money.

Social Security and Medicare are necessary safety nets, but they are nearing insolvency as fewer pay in, more take out, and more take out more.

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.

I think that whether you're on the right or on the left as an economist or as a policy maker, every serious analyst I know agrees that at some point you have to deal with entitlements.

When you talk about entitlement programs, it's not just about - it's not about cutting those programs. It is about saving those programs. Those programs are on a path of fiscal unsustainability.

Could we do without the social safety net, without Social Security, without Medicare, without farm subsidies, without unemployment compensation, without school lunch programs, without housing assistance? Of course we could. But we would not be a civilized society and we would not be an American nation any of us would be proud of.

... the Social Security trust fund is not spare money; it is spoken for.

Our national finances are in a ruinous state.

Social Security is on the books. We’ll pay for it as long as we have money or can borrow it.

All the Social Security Trust Fund Money Is Gone!

The payment of Social Security benefits under law have little or nothing to do with the fiscal resources available.

The Social Security Trust Fund should not be trusted and it is not funded.

55 percent of the national budget consists of entitlements. These are established by law but do not get funds appropriated annually—not part of the usual give and take of the Congress and the administration. If you meet the criteria of the law, you get the money.

The vast majority of Americans—about 96 percent—benefit from some kind of government social program.

To avoid large and unsustainable budget deficits, the nation will ultimately have to choose among higher taxes, modifications to entitlement programs such as Social Security and Medicare, less spending on everything else from education to defense, or some combination of the above.

The most important area for spending restraint is entitlement reform.

The true enemies of Social Security and Medicare are those who defend an imploding status quo.

I think we will begin to see some real efforts made to do things like protecting Social Security and Medicare.

In fact, entitlement spending on programs such as Medicare, Medicaid, and Social Security make up 54% of federal spending, and spending is projected to double within the next decade. Medicare is growing by 9% annually, and Medicaid by 8% annually.