Retirement security is often compared to a three-legged stool supported by Social Security, employer-provided pension funds, and private savings.
Because Social Security has not contributed to our debt, Americans should be skeptical of any politician who says that benefits Americans have earned must be reduced in order to address our national debt.
While the feds ... leave Social Security off their books, the government's obligation to make benefit payments to current and near-term Social Security recipients is certainly no less real than its obligation to pay interest on its Treasury bonds.
Now, Social Security through the years, for many many people, has been a terrible investment. It's really a tax, that's all it is. Social Security is a tax.
The basic building block of peace and security for all peoples is economic and social security, anchored in sustainable development. It is a key to all problems. Why? Because it allows us to address all the great issues-poverty, climate, environment and political stability-as parts of the whole.
Social Security is meant to be - to make sure that no one who's worked hard, and played by the rules, and paid into the system grows old in poverty in America.
Lets all be reminded, 60 million Americans are on Social Security, 60 million. A third of those people depend on 90% of their income from Social Security. Nobody in this country is on Social Security because they made the decision when they were starting work at 14 that they wanted to trust some of their money with the government.
If Congress wants to mess with the retirement program, why don't we let them start by changing their retirement program, and not have one, instead of talking about getting rid of Social Security and Medicare that was robbed $700 billion dollars to pay for Obamacare.
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.
We must work to stabilize Social Security. We must not gamble with our nation's social insurance program, one of our most popular and effective federal programs that has remained dependable and stable for the past 70 years.
You know daytime television? You know what it's supposed to be for? It's to keep unemployed people happy. It's supposed to stop them running to the social security demanding mad luxuries like cookers and windows.
My plan to put Social Security in an ironclad lockbox has gotten a lot of attention recently, and I'm glad about that. But I'm afraid that it's overshadowing some vitally important proposals. For instance, I'll put Medicaid in a walk-in closet. I'll put the Community Reinvestment Act in a secured gym locker. I'll put NASA funding in a hermetically sealed Ziploc bag.
Democrats are fighting fire with fire. Our principled stance on Medicare and Social Security is absolutely no different than the Republicans' stance on no revenue increases without cuts.
Social Security is a tax.
Tradition is a prop for social security.
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.
Newt Gingrich says he wants to get rid of Social Security. Who is more qualified to give this country financial advice than a guy who ran up a half-million dollar bill at Tiffany?
5: Social security will break small business, become a huge tax burden on our citizens, and bankrupt our country! 1944: The G.I. Bill will break small business, become a huge tax burden on our citizens, and bankrupt our country! 1965: Medicare will break small business, become a huge tax burden on our citizens, and bankrupt our country! 1994: Health care will break small business, become a huge tax burden on our citizens, and bankrupt our country!
When the concept of Social Security came before the House, every Republican but one voted against it. Had it not been for the Democrats, Social Security would never have passed, and our older people would not have this great support that our people provide. It has been my experience that Democrats generally vote to protect the people, while Republicans seem to try to protect the interests of big business.
You need education. You need subsistence protection. We need jobs and social security. These are preconditions under which it will perhaps be possible to deal with these complex circumstances.
If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries.
The physical lot of surviving workers had notably improved, with unemployment insurance, social security, and the new health services, while their children's school education was assured by the government-operated schools: in addition, they had, for intellectual or emotional stimulus and diversion, the radio and the television. But the work itself was no longer as various, as interesting, or as sustaining to the personality.
In America, the term younger poet is applied with chivalric liberality. It can be used to describe anyone not yet collecting a Social Security pension.
They fight so much for two reasons. One is they don't want to be blamed for breaking the spending caps. And secondly, they don't want to be blamed for spending the Social Security surplus on non-Social Security problems.
Not surprisingly, the insurance lobby recoils in horror at the prospect of automatic coverage (including, when it was first proposed, Social Security), no matter how efficient it may be. Automatic coverage eliminates sales commissions and profit.
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