A Quote by Robert Kuttner

If social security depresses savings rates, it is only because it is unfunded.

Robert Kuttner

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Because Only Rates Savings Security Social Social Security

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Robert Kuttner
American - Journalist
Born: April 17, 1943

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?

Laurence D. Fink

By requiring that any surplus in Social Security taxes be returned to the American people in personal savings accounts, the plan ensures that Social Security taxes will be used for Social Security.

Mike Pence

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.

John W. Snow

It's time to stop the raid on the Social Security trust fund and start allowing Americans to invest their Social Security taxes in personal savings accounts.

Mike Pence

President Roosevelt, the author of Social Security, was the first to suggest that, in order to provide for the country's retirement needs, Social Security would need to be supplemented by personal savings accounts.

John Doolittle

We promote domestic savings by also things like the personal accounts associated with the president's Social Security initiative, which over time would generate more savings.

John W. Snow

Well, the U.S. is running a current account deficit; we are creating lots of investment opportunities in the United States that exceed our own domestic savings rates, so the issue here is to encourage higher savings rates in the United States.

John W. Snow

For Social Security to be financially sound, the federal government should have $100 trillion - a sum of money six-and-a-half times the size of our entire economy - in the bank and earning interest right now. But it doesn't. And while many believe that Social Security represents our greatest entitlement problem, Medicare is six times larger in terms of unfunded obligations.

John C. Goodman

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.

Enrique Pena Nieto

Retirement security is often compared to a three-legged stool supported by Social Security, employer-provided pension funds, and private savings.

Sander Levin

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.

John W. Snow

Over half of people who are working now and over 50 have nothing for retirement savings. They will only have Social Security to rely on.

Teresa Ghilarducci

Social Security is not a retirement savings plan; it is a social insurance program. It's a contract that says, as a society, we will look out for you and your family when you can no longer work.

Jeff Bingaman

Most savings rates are based on underlying interest rates.

Martin Lewis

With interest rates artificially low, consumers reduce savings in favor of consumption, and entrepreneurs increase their rates of investment spending.

Steve Hanke

The next generation is going to have to understand that Social Security is just one leg of a stool. We need to actually bring back that savings incentive, and the only way you're going to be able to do that is if you have a job.

Darryl Glenn

A Quote by Robert Kuttner

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