Alan Greenspan Quotes

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

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.

Spending when the math's not there and the numbers aren't there and if they look in the social security trust fund, it's filled with IOUs because the government's been pilfering it for years on end. We have to do something. We have to start having this discussion.

All the Social Security Trust Fund Money Is Gone!

Will some reporter, or some Republican on the Sunday shows, please ask why tax cuts raid the non-existent Social Security Trust Fund but all the Democrats' new spending doesn't? Will someone please ask that?

It's time to stop the raid on the Social Security trust fund and start allowing Americans to invest their Social Security taxes in personal savings accounts.

I am not wrong in the belief that its public funds are more secure than those of all the European powers.

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

We are absolutely going to have to provide fiscal security to people; in other words, we are going to have to show the country and the world that the country can live within its means.

The revenue stream for Social Security benefits comes from payroll taxes, which are credited to the Social Security Trust Fund - accounting for the program's finances separately from the rest of the budget.

Social Security is legally prohibited from contributing to the deficit. It cannot use debt to pay out benefits.

The budget does not adequately fund important domestic programs, promotes tax cuts to the detriment of other priorities and does little to put our nation's fiscal house in order.

The government can access these funds but only following approval by the parliament to support our budget requirements and investments in infrastructure development, education, public health, and so on.

I believe keeping our promises should be our highest priority and that means saving Social Security and Medicare while preserving the American dream for our children and grandchildren.

The pork part of the budget is reaching new highs.

If you leave the Republicans alone in a dark room, you know that there are going to rob the Social Security Trust Fund.

For those of you who believe in the Social Security Trust Fund, you can’t trust it; there is no fund, and no one is secure …. A Ponzi scheme.

What should we do with this projected surplus? I have a simple four-word answer: Save Social Security first.

I do not pretend to step out of my own sphere and to control the internal management of other departments, but it seems to me that as Secretary of the Treasury, I may ask, that, while peace continues, the aggregate of the expenditure of those departments be kept within bounds such as will preserve the equilibrium between the national revenue and expenditure without recurrence to loans.

The national budget is perhaps the most important and least understood documents in Washington.

I wish it were possible to obtain a single amendment to our constitution ... an additional article, taking from the federal government the power of borrowing.

There are no uncontrollable outlays except for debt interest. Outlays are what they are due to legislation.

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

A budget must be more than a ledger sheet. It should have a heart and serve as a blueprint for a better quality of life for all residents.

While a Treasury surplus is not the greatest evil, it is a serious evil.