A Quote by Larry Elder

According to the Social Security Administration, in 1945, 41.9 workers supported each individual retiree, while today only 3.3 workers support each retiree. This system cannot continue.

Larry Elder

Quote Topics

According Administration Cannot Continue Each Each Individual Individual Only Security Social Social Security Support Supported System Today While Workers

Quote Author

Larry Elder
American - Journalist
Born: April 27, 1952

As you know, Social Security functions under the premise that today's workers will help finance benefits for retirees and that these workers will then be supported by the next generation of workers paying into the same system.

Steve Israel

Careful economic research has shown public-sector workers receive a level of compensation, pension benefits, and retiree health coverage in excess of what comparable workers in the private sector enjoy. In some instances, the total premium can be 30 percent or higher.

Bob Beauprez

Raising the minimum wage means we have workers paying more in to support the Social Security system.

Elizabeth Warren

I don't think people who are supporting the food movement ever want to be in a position where they are opposing the workers who are dependent on the system. The companies are very good at setting up workers and activists in opposition to each other, and getting the message out to workers that those people are threatening their jobs.

Ted Genoways

I do not believe that the Social Security system is in crisis. The Social Security Administration itself recently reported that the system is able to pay full benefits as they are defined today until at least 2042.

James T. Walsh

The reality is that the workforce relative to the number of people retired has shrunk and today in America there are only 3.3 working Americans paying payroll taxes to support each individual currently retired and collecting Social Security taxes.

John Shadegg

And let us not forget the Social Security system. Recent studies show that undocumented workers sustain the Social Security system with a subsidy as much as $7 billion a year. Let me repeat that: $7 billion a year.

Luis Gutierrez

We began to temper Western democracy with what I'd call a social contract. We put in Social Security, graduated income tax, workers' compensation. We developed strong unions to negotiate with business owners so workers got an equitable share of the profits.

John Shelby Spong

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.

Mitch McConnell

While I have strongly and consistently supported the Clean Power Plan, and continue to do so, I cannot and will not support a proposal for a cap-and-trade system.

Chris Gibson

Our Hispanic community needs to understand how important the Social Security system is for not only its retired citizens, but also its disabled workers.

Grace Napolitano

Blue collar workers cannot hire each other. White collar workers cannot hire each other. You have to have a businessman or a businesswomen, a business owner to hire you. And you cannot make the environment so unfriendly to them or so unprofitable or so burdensome that they go out of business,because if they go out of business, you are out of a job.

Duncan Hunter

I can certainly imagine a day where task workers, enterprise workers no longer communicate via email but instead use some social vehicle that looks a lot like consumer social networks we see today.

Peter Levine

Allowing workers' compensation for all injured workers is a better system than allowing people to be part of a black market of undocumented workers.

Rashida Tlaib

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.

Rick Santorum

At the insistence of the Bush administration, Congress in 2006 passed legislation that required the Postal Service to prefund, over a 10-year period, 75 years of future retiree health benefits.

Bernie Sanders

A Quote by Larry Elder

Quote Topics

Quote Author

Related Quotes

Related Authors