A Quote by Thomas P. O'Neill
I have a statement on the Social Security. A lot of people approaching that age have either already retired on pensions or have made irreversible plans to retire very soon... I consider it a breach of faith to renege on that promise. It is a rotten thing to do.
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Social Security is something that we need to deal with, because people who are working today, who will retire in the future, people who are retired today, they have a right - and it's part of the compact that they can depend on their benefits. We should fix the long-term funding problem of Social Security because that's the right thing to do.
When you pay social security taxes, you are in no way making provision for your own retirement. You are paying the pensions of those who are already retired. Once you understand this, you see that whether you will get the benefits you are counting on when you retire depends on whether Congress will levy enough taxes, borrow enough, or print enough money.
In order to fix Social Security, we must restructure it so that we continue to provide for our Nation's seniors that are approaching retirement age, but allow for younger taxpayers to invest a portion of their Social Security taxes in private accounts.
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.
Security is a big concern on the social web. People are going to try to destroy social media just like they are trying to breach data in other areas.
The greatest danger to an adequate old-age security plan is rising prices. A rise of 2% a year in prices would cut the purchasing power of pensions about 45% in 30 years. The greatest danger of rising prices is from wages rising faster than output per man-hour.... Whether the nation succeeds in providing adequate security for retired workers depends in large measure upon the wage policies of trade unions.
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.
Politicians will promise some pretty ridiculous things. They will promise a chicken in every pot. They'll promise that they'll keep Social Security solvent. They'll promise drugs for old people. They'll promise lots of stuff. But it doesn't come near the kind of promises that religion makes. The Mormons promise that if you're good while you're on Earth, you get to rule over your own planet in the afterlife. Now, there's an entitlement that goes a little bit beyond prescription drugs for old people.
Our constituents paid into Social Security, and they want it paid back to them when they retire. Cutting Social Security benefits that Americans have earned should always be a last resort.
The way to balance the budget is for Congress to cut Social Security, move the retirement age to 70, cut defense, Medicare and veterans pensions, while the states cut almost everything else. It would be tough but we could do it.
Lets all be reminded, 60 million Americans are on Social Security, 60 million. A third of those people depend on 90% of their income from Social Security. Nobody in this country is on Social Security because they made the decision when they were starting work at 14 that they wanted to trust some of their money with the government.
The public has lost faith in the ability of Social Security and Medicare to provide for old age. They've lost faith in the banking system and in conventional medical insurance.
Social security has enabled people to retire with dignity and overwhelmingly not be in poverty. We have to keep it solvent.
In what other business can a guy my age drink martinis, smoke cigars and sing? I think all people who retire ought to go into show business. I've been retired all my life.
[Social Security ] is not in crisis at this stage. Leave Social Security alone. We have a lot of other places we can look that is in crisis. But Social Security is not.
Painting was always something I thought I'd do once I retired. But then, about five or six years ago, a good mate passed away suddenly at the age of 50 and it made me realise that if I put off doing stuff until I retire, I might not ever get there.
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