A Quote by Peter Orszag

Social Security faces a long-term actuarial deficit, yes. — © Peter Orszag
Social Security faces a long-term actuarial deficit, yes.
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.
I believe that we should allow younger workers to contribute toward a personal account that they own, as long as it is coupled with deficit reduction measures that enhance the long-term condition of Social Security.
While Social Security faces some long-term challenges, the system is not in crisis.
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.
The only way America can reduce the long-term budget deficit, maintain vital services, protect Social Security and Medicare, invest more in education and infrastructure, and not raise taxes on the working middle class is by raising taxes on the super rich.
The real sin with Social Security is that it's a long-term rip-off and a short-term scam.
Social Security, a critically important, great program which does serve as the cornerstone of support for senior citizens, now faces challenges that threaten its long-term stability and well-being. The facts are there. The facts are crystal clear.
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.
Modernity has reneged on its promise to young people to provide social mobility, stability and collective security. Long-term planning and the institutional structures that support them are now relegated to the imperatives of privatization, deregulation, flexibility and short-term profits.
The administration's reckless plan doesn't do one thing to ensure the long term security of social security, rather it undermines our economy. We need a budget and a fiscal policy that reflects the values and interests of America and restores fiscal discipline.
Of course the Republicans have long wanted to privatize Social Security and destroy it. But Social Security has been the most important and valuable social program in the history of the United States.
Social Security has nothing to do with the deficit.
Yes, there should be tough border security. Yes, there should be foolproof ID cards, with biometrics, for Social Security and employment purposes.
Social Security has not contributed to the deficit problem.
I'd also remind people, if I were running for Presidency, that a long-term problem facing the budget is Social Security and Medicare.
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.
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