A Quote by Debbie Stabenow
The administration's reckless plan doesn't do one thing to ensure the long term security of social security, rather it undermines our economy. We need a budget and a fiscal policy that reflects the values and interests of America and restores fiscal discipline.
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Progressives should be willing to talk about ways to ensure the long-term viability of Social Security, Medicare, and Medicaid, but those conversations should not be part of a plan to avert the fiscal cliff.
As always, it would be important to ensure that any fiscal policy changes did not compromise long-run fiscal sustainability.
The President has no real plan to address the fiscal challenges arising from the retirement of the baby boom generation, let alone a plan to fix Social Security.
Social Security is an insurance policy. It's a terrible investment vehicle. Social Security has some great benefits. But it was never meant to be a savings plan. So we need to have a national debate. Should this 12.5 percent that we're contributing all go into a Social Security pool, or should half go into a mandatory savings plan?
A budget is a reflection of our values, and as a member of the House Budget Committee, I work each year to ensure that our federal budget invests in programs that support working families, enhance our research and development capabilities, and ensure the safety and security of the American people.
I was fortunate, I guess, to be part of some good fiscal discipline in the Bush administration. The budget I put forward was a balanced budget.
We cannot win the future, expand the economy and spur job creation if we are saddled with increasingly growing deficits. That is why the president's budget is a comprehensive and responsible plan that will put us on a path toward fiscal sustainability in the next few years - a down payment toward tackling our challenges in the long term.
Where fiscal space is low, fiscal policy needs to adjust in a growth-friendly manner to ensure public debt is on a sustainable path, while protecting the most vulnerable.
After careful consideration, we have decided that for our next fiscal year, we'll issue guidance on comparable store used unit sales and on earnings per share only for the full fiscal year. We will no longer issue quarterly guidance. This decision reflects our continuing focus on longer-term store, sales, and earnings growth and on return on invested capital, and our recognition that the performance in shorter-term periods can be more volatile than over the longer term. As we report our quarterly results, we plan to comment on how our performance is tracking against our annual guidance.
In the aftermath of September 11, it has been made clear to us that our foreign policy can no longer afford to narrowly focus on short-term benefits. For our nation's long-term security, we must be active in promoting American values abroad through our foreign policy.
There is a very serious fiscal-policy question of, 'Are we running our overall fiscal policy such that we as a government can pay our bills?'
There is a lot of fiscal conservatives in the United States senate that didn't vote for that because we understand that national security spending is not the reason why we have a debt. Our debt is being driven by the way Social Security, Medicare, and Medicaid and, by the way, the interest on the debt is structured in the years to come.
Social Security is not just the foundation of America's retirement dignity and security, it ensures the economic stability and strength of our families and our state's economy.
The country needs fiscal discipline to build a strong economy and for social justice.
As we get closer to the end of this Congress, we should be addressing the urgent needs of the American people - the war in Iraq, affordable health care, a sensible energy policy, quality education for our children, retirement security, and a sound and fair fiscal policy.
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.
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