While Social Security faces some long-term challenges, the system is not in crisis.
From Chaka Fattah
Without Social Security, poverty rates for African American seniors would more than double.
But if they want to really think about the fiscal future of this country, then think about how we have moved from hundreds of billions of surpluses to hundreds of billions of deficits.
Now we are raising the debt limit 3 times, up to $8 trillion, so that our children and our grandchildren will have to pay for the cost of our expenditures.
Because when we think about the real facts: 44 million Americans without health insurance, millions without jobs, a 50-year high on mortgage foreclosures, an historic high the third year in a row on personal bankruptcies.
There are no problems that exist in the District that have been solved elsewhere in the country. Whatever problems exist in this city exist other places.
Bush has never sent over a balanced budget.
But the point you need to know is that no president at war cut taxes $1.5 trillion, like Bush did.
The Republican Party is in charge. They've been charge of the Congress and spending for 10 years.
There's not an appropriations bill in the last 10 years that the-that Democrats passed in the Congress. We haven't spent any money of your taxes in the last decade.
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