A Quote by Richard Thaler

Claiming that Social Security benefits are safe may sound naive, but my view is actually quite cynical. I believe that as long as the elderly continue to vote in large numbers, no Congress will renege on promised payouts for those already eligible to receive benefits.

Richard Thaler

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Actually Believe Benefits Claiming Congress Continue Cynical Elderly Eligible I Believe Large Large Numbers Long May Naive Numbers Promised Quite Receive Safe Security Social Social Security Sound Those View Vote Will

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Richard Thaler
American - Economist
Born: September 12, 1945

The 1935 Social Security Act established 65 as the age of eligibility for payouts. But welfare state politics quickly becomes a bidding war, enriching the menu of benefits, so in 1956 Congress entitled women to collect benefits at 62, extending the entitlement to men in 1961.

George Will

Most people start claiming benefits within a year of when they become eligible, although benefits increase substantially if they wait.

Richard Thaler

The President and I agree that Social Security needs to be preserved so that we can ensure that all Americans receive the retirement benefits they've been promised. But we disagree as to how best to fix the system.

Steve Israel

You have to be looking for a job to get unemployment benefits. If you stop looking for work, you are no longer eligible to receive benefits.

Austan Goolsbee

I will continue to work diligently in Congress to ensure that our veterans receive the benefits and care that they have earned and deserve.

Todd Tiahrt

Germany, I think, was first to substitute a Social Security program for its elderly based on this premise, that is, that we would tax workers to pay retirement benefits for those retired.

John Shadegg

I will not cut benefits. I want to enhance benefits for low-income workers and for women who have been disadvantaged by the current Social Security system.

Hillary Clinton

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

Ron Lewis

The fine print in the President's Social Security proposal is that all present and future workers under age 55 will have their promised retirement benefits cut.

Mark Dayton

However, the Administration's plan to privatize Social Security will undermine retirement security for all Americans by cutting guaranteed benefits by more than 40 percent, and risky private accounts won't make up for the loss of benefits for millions of Americans.

Ruben Hinojosa

Currently, more than 4.7 million African Americans receive Social Security benefits, and nearly 8 million people with disabilities depend on Social Security for their daily sustenance.

Chaka Fattah

Without Social Security benefits, more than 40 percent of Americans 65 years and older would live below the federal poverty line. Even more striking is that Social Security is the only source of retirement income for almost a quarter of elderly beneficiaries.

Mike Quigley

To fix Social Security, we should first stop using the Consumer Price Index to adjust benefits for inflation. Using the C.P.I. overstates the impact of inflation and has also led to larger increases in benefits for Social Security recipients than the income gains of typical American workers.

Steven Rattner

Social Security has never failed to pay promised benefits, and Democrats will fight to make sure that Republicans do not turn a guaranteed benefit into a guaranteed gamble.

Nancy Pelosi

Most of my folks back home think Social Security and Medicare are sacred commitments stronger than the strongest contract. And yet if you look at the details here in Washington, they're not even promises. They're scheduled benefits. I think we need to do all that we can to make sure those benefits are real.

Jim Cooper

Today there are about 40 million retirees receiving benefits; by the time all the baby boomers have retired, there will be more than 72 million retirees drawing Social Security benefits.

Tony Snow

A Quote by Richard Thaler

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