Social Security Crisis Quotes

We need to strengthen and save Social Security for today's workers. If we don't act now, this system, born out of the New Deal, will become a bad deal.

If you can't even acknowledge that you have to fix Social Security, that's not a very good starting point.

I think President Bush tried to step up on Social Security even though the polls showed that was unpopular. He has not been successful and backed off, but I admire people who take on big problems.

Social Security, a critically important, great program which does serve as the cornerstone of support for senior citizens, now faces challenges that threaten its long-term stability and well-being. The facts are there. The facts are crystal clear.

If a country like Chile can fix its social security system, there is no reason a country as great as the United States... can't fix our Social Security system.

Our country also hungers for leadership to ensure the long-term survival of our Social Security system. With 70 million baby boomers in this country on the verge of retirement, we need to take action to shore up the system.

One of the reasons that Social Security is in so much trouble is that the only funding stream comes from people who get a wage. The people who get wages is declining dramatically. Most of the income in this country is made by people at the top who get dividends and - and capital gains.

I don't understand the Democrats' approach to Social Security in this country, and I'm not alone.

If we do not act now to strengthen Social Security, the system that so many depend upon today will be unable to meet its promises to tomorrow's retirees, and it will burden our children and grandchildren with exhaustive taxes.

The effort to try to present the Social Security program as if it's a major problem, that's just a hidden way of trying to undermine and destroy it.

I know that plenty of folks have issues with Social Security, but I'd urge them to confront it on its own terms. Calling it a Ponzi scheme is misleading and does more to cloud the issue than it does to illuminate it. And yes, I do know that unless changes are made, the current system is unsustainable. But that doesn't mean it's fraud.

Without significant reform, the Social Security Administration will be legally and financially unable to pay full promised benefits within a generation.

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.

Not only is privatizing Social Security not the solution to Social Security, it would exacerbate the problem.

The reason Social Security is in big trouble is we don't have enough workers to support the retirees. Well, a third of all the young people in America are not in America today because of abortion, because one in three pregnancies end in abortion.

It was always foolhardy for Republicans and conservatives to stake their objections to Obamacare on the number of sign-ups; Social Security is going bankrupt despite 100% enrollment. The reality is that Obama was always destined to hit his required numbers because, after all, he has the power of government to compel action.

We know that Medicare is set to go bankrupt in 2024 with no action, and social security is set to be insolvent by 2037.

President Bush is manufacturing a crisis by suggesting that Social Security is in imminent danger. It is not.

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

There is no prospect that today's younger workers will receive all the Social Security and Medicare benefits currently promised them.

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.

Since Medicare is on track to go bankrupt in 2024, the de facto Obama Medicare plan is to rob it and watch it disappear, leaving future generations without any hope of receiving benefits and today's seniors with an unpredictable future.

The real Social Security crisis is that the government does not have the money to redeem its IOUs.

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.

It's not 2038 that Social Security is bankrupt. It's now.