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.
Sentiment: NEGATIVE
Social Security is not just another government spending program. It is a promise from generation to generation.
Social Security is a promise that we cannot and must not break.
Social Security must be preserved and strengthened. But we need to be candid about the costs and willing to make the tough choices that real reform will require.
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.
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.
It's hard to exaggerate the importance of preserving the financial integrity of Social Security.
Social Security is not just the foundation of America's retirement dignity and security, it ensures the economic stability and strength of our families and our state's economy.
What's lost in this whole debate, unfortunately, is that Social Security is not a giveaway where we take money to give to other people. It's a contract with the government... that's worked for 75 years. It's the most successful government program that we've ever had.
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.
As a matter of fact, if you do not take into account, as Congressman Ross just stated, the Social Security surplus, our fiscal deficit, ladies and gentlemen, is over $700 billion today.
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