George Osborne Quotes

If Britain is to have a stable, affordable pension system, people need to work longer, but we will reward their hard work with a decent state pension that will enable them to enjoy quality of life in their retirement.

Cutting benefits is not the right answer. Raising the retirement age is not the best option.

We obviously have to honor the commitments that have been made to the people who are already retired or near the retirement age. But we need to tell the truth about the fact that when we set the retirement age at age 65 in America, life expectancy was only 62.

The retirement age needs to be raised. A portion of Social Security ought to be privatized, if not all. And there probably needs to be some means testing. It's a Ponzi scheme that's not sustainable.

Let me tell you exactly what we would do on Social Security. Yes, we'd raise the retirement age two years and phase it in over 25 years; that means we'd raise it one month a year for 25 years when we're all living longer, and living better lives.

We need to take steps to strengthen and mend Social Security so that its promise of a secure retirement is just as real for seniors in the future as it is today.

Well, we certainly need to raise the retirement age. I've told my 19-year-old and my 22-year-old that they're not going to be getting retirement benefits at age 62.

Social Security is an extremely complicated program.

Raising the traditional and early retirement ages will mean extending workers' taxable earning years, fueling economic growth and putting a dent in our unfunded-liabilities crisis by delaying payouts.

I would not be opposed to devising a new system of pensions, in which one part was based on collective provision, but which also gave incentives for people to take out an additional, personal plan.

Privatizing Social Security will take dollars out of young folks' pockets.

We have a rare and perhaps small window of opportunity to set partisan differences aside, and attempt to achieve what many in recent years have felt was unreachable - greater retirement security for ourselves and our children.

There's a lot we can do to improve American's retirement security, but it's wrong to replace the guaranteed benefit that Americans have earned with a guaranteed benefit cut of forty percent or more.

But here's what I would tell people of my generation. I turn 40 this year. There isn't going to be a Social Security. There isn't going to be a Medicare when you retire. Forget about what your benefit is going to look like. There isn't going to be one if we don't make some reforms to save that program now.

I am philosophically opposed to raising the retirement age. I misspoke and said I was not philosophically opposed.

I'm not philosophically opposed to raising the retirement age... I accept the fact that I may have to raise my retirement age for that.

Well, George W.Bush wanted to privatize Social Security. It's an ideological thing.

As part of Social Security reform, I believe that private savings accounts are a part of it - along the lines that President Bush proposed.

The Presidents plan to privatize Social Security would actually take away guaranteed benefits and put the promise of a secure retirement in jeopardy.

No greater tragedy exists in modern civilization than the aged, worn-out worker who after a life of ceaseless effort and useful productivity must look forward for his declining years to a poorhouse. A modern social consciousness demands a more humane and efficient arrangement.

No matter what politicians promise, Social Security reform will not change the fact that your money is taken from your paycheck and sent to Washington, where it will be spent.

No one is talking about restructuring Social Security or Medicare for current retirees or for those that are near retirement. For those under 55, the answer is let's talk about it.

When Congressman [Mike] Pence was in Congress, he was the chief cheerleader for the privatization of Social Security. Even after President [George W.] Bush stopped pushing for it, Congressman Pence kept pushing for it.

Social Security Works! puts expanding Social Security front and center on the national agenda, where it belongs. Everyone who has a stake in the debate should read this important book.

How many campaigns of your life have you heard candidates of both parties promise a fix for the Social Security system? And everybody's got a plan. Every damned candidate has had a plan, and yet it remains unfunded, biggest part of the budget, no end in sight, no solution has ever worked.