It has to have a payroll tax that's dedicated to Social Security. The Social Security tax has been very successful over the years in raising almost all of our elderly citizens out of poverty.
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.
Today there are about 40 million retirees receiving benefits; by the time all the baby boomers have retired, there will be more than 72 million retirees drawing Social Security benefits.
The President's budget pays for only six months of the war in Iraq and completely overlooks the transition costs of Social Security reform. The Administration always lied about the cost of the Medicare drug bill.
For my children, it makes sense to talk about modernizing Social Security, letting them create stronger personal accounts, letting them get a higher rate of return over the long run.
As pressure grows to ease the financial burden on social security, pressure will also grow to eliminate the elderly and infirm to 'free up' more money for the 'fit' and those who contribute more than they take from society.
Most people understand life expectancy has changed since Social Security started in 1937 when folks lived to be 59 years old. Today, they live to be 77 years old.
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.
The revenue stream for Social Security benefits comes from payroll taxes, which are credited to the Social Security Trust Fund - accounting for the program's finances separately from the rest of the budget.
Social Security is a family insurance program, not an investment scheme.
I am a huge admirer of Franklin Roosevelt's, and I believe social security has done untold good in alleviating the once-widespread issue of poverty among the elderly. FDR believed in the greatness and generosity of Americans - but he was also a cold-blooded politician.
We must work to stabilize Social Security. We must not gamble with our nation's social insurance program, one of our most popular and effective federal programs that has remained dependable and stable for the past 70 years.
There was a time not too long ago when American seniors were too often forced to go without food, medicine, and quality healthcare. But thanks to transformative programs like Social Security, most seniors in this country are provided the opportunity to live with the stability and peace of mind they have earned and deserve.
If a movie is really working, you forget for two hours your Social Security number and where your car is parked. You are having a vicarious experience. You are identifying, in one way or another, with the people on the screen.
The main purpose of Social Security is to redistribute wealth, to make an increasingly large number of Americans dependent on government for their basic needs in their retirement years.
I think we will begin to see some real efforts made to do things like protecting Social Security and Medicare.
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.
Social security, bank account, and credit card numbers aren't just data. In the wrong hands they can wipe out someone's life savings, wreck their credit and cause financial ruin.
Women would be disproportionately affected by the privatization of social security. It is one of the most important safety nets for American women in old age, or in times of disability, to insure financial income for their families.
Let me be clear, the discussions about Social Security are not about the retirement security of those Americans who are 55 or older - the Social Security system for those folks 55 and over will not change in any way shape of form - no ifs, ands, or buts.
I will fight like the dickens to protect Social Security.
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.
Small changes done now would preserve Social Security at full benefit.
Social Security is the most important social program in America.
With Ice Cube they ain't no telling. He might have one cocked and loaded, ready to bust. We might do The Sunday, two old men sitting around the house waiting on the social security check.
I was very concerned that President Bush is still trying to frighten or scare the American people with respect to the condition of the Social Security system.
Do I want Social Security to be there for my kids and my grandkids? Absolutely. Will I fight like a tiger to make sure that we protect Social Security? I absolutely will.
I have the highest number of Social Security recipients of any Member of Congress, and it is always good to hear about how women in their districts are affected by any changes, by the need for changes in Social Security.
When public spending in the form of transfer payments makes various services and benefits free of charge, work is discouraged. Yet it is precisely Social Security that legislators fear to cut.
In light of these facts Republicans have put forth a variety of proposals to make Social Security remain solvent for future generations. But up to this point, Democrats have chosen to oppose our good faith efforts and insist that indeed there is no problem.
Social Security is an extremely complicated program.
We want to make sure that Social Security is fixed for those people who have had that promise and there's something in the future for our younger workers. And we're not about to do a welfare program.
Under the Bush plan, Social Security gets weaker, not stronger.
A salute from this corner to President Bush for saying he was willing to investigate raising or eliminating the cap on salaries subject to the Social Security tax.
We want to develop innovative ways to promote savings so more Americans can save for their future, but first we need to reject privatization schemes and work together to strengthen Social Security.
There is a lot of room for improvement in Social Security. We owe our children the most financially sound system possible. They will have paid into it their entire working lives. They deserve to be protected by it. for our children and grandchildren.
