A Quote by John W. Snow
I think we'll build a consensus for action on Social Security reform which will reduce that long-term unfunded obligation and put the system on a sustainable basis.
Related Quotes
Social Security represents an $11 trillion unfunded obligation. And when I say unfunded obligation, I mean we have to come up with $11 trillion at some point to make the system whole.
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.
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.
I'm the guy that has written at great length about exactly how we should profoundly reform Social Security. If I were afraid of going after entitlements, I wouldn't have done that, I wouldn't have put Medicaid reform in this budget, I wouldn't have called for the reductions in spending, which people will scream about, but I think are necessary.
We now have the economics confirming that not only is climate action required to reduce climate risks, but that it is vital to building long-term, sustainable economic growth.
While Social Security faces some long-term challenges, the system is not in crisis.
The real number of the US' obligations, unfunded obligations that we're passing on to our future generates is more like $70 trillion to $75 trillion. The vast majority of that is health entitlements - Medicare, Obamacare, Medicaid. There's also Social Security, interest on the debt. But fundamentally, health entitlements are the thing that will bankrupt our kids. We need to fix that for the long-term.
I wish that the Democrats would put some effort into Social Security reform, illegal immigration's reform, tax reform, or some of the other real issues that are out there.
I think it's very important not to confuse the importance of dealing with Social Security in the long term with these short-term deficit reduction challenges. They're different issues.
There are many commitments I have made for reducing poverty. One is to reform social security. Social security reaches only 44 percent of Mexicans. One of my goals is to give social security to all the people.
A lot of our fiscal deficit went to fund consumption and really did not get used to build investment and infrastructure. The trouble is, you can get a spurt in GDP growth, which may not be sustainable. I would much rather build the gradient of a long-term marathon.
Congress must take some thoughtful and targeted steps towards long-term solvency in the Social Security program. One such step is to eliminate the cap on income that is taxed for Social Security.
Mere political reform will not cure the manifold evils which now afflict society. There requires a social reform, a domestic reform, an individual reform.
I've long believed the environmental issue is an economic issue and a political issue. The three are entwined. You can't build prosperity on any basis other than a long-term basis, and you can't do that if you don't have a healthy environment.
I've developed a lot of reform proposals myself and been accused of trying to destroy Social Security, when the whole point was to try to save it. I think most people know that Social Security is bankrupt.
Most people assume that once security software is installed, they're protected. This isn't the case. It's critical that companies be proactive in thinking about security on a long-term basis.
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