There's a massive buildup ordspråk

There's a massive build-up of future Social Security and Medicare spending that will explode, and this makes the problem much worse.

The Congressional Budget Office tells us by 2052, Social Security could meet only 78 percent of its obligations. Medicare is in even worse shape. The shortfall in Medicare is eight times the deficit in Social Security. But the president has no plan to deal with that. The truth is, we need to confront all these challenges sooner rather than later.

Majority Leader Daschle misspoke this morning when he said the Bush administration would dip into Social Security and Medicare funds. The truth, in fact, is that Social Security dollars will be used only for Social Security and Medicare dollars will be used only for Medicare. The only reason for any decline in revenue is due to an economic slowdown that began last September.

Director Portman will be inheriting the most dire long-term fiscal outlook we've ever had. The first baby boomers retire in 18 months, and the Social Security, Medicare and Medicaid costs are set to explode. On top of that, he'll be dealing with a Congress that's absolutely addicted to runaway spending and pork!

At present, the Social Security trustees estimate that the unfunded liability over the indefinite future to be $10.4 trillion, ... The shortfall in Medicare is calculated at several multiples of the one in Social Security.

Alan Greenspan (1926-)

Alan Greenspan

We're going to have to restructure Social Security and Medicare. And, frankly, Social Security will be a lot easier than Medicare. If there's one thing that could bankrupt America, it's health care. And it's out of control.

This nation is about to be hit with a tidal wave of new retirees. In just six years, the baby boomers will begin to retire. The demands on Social Security and Medicare will be dramatically increased, ... This is no time to divert Social Security and Medicare funds to other purposes.

Medicare is a much bigger problem than Social Security ... you can't wish away the problem, it's there and the sooner we address it the better.

We have a real problem with regard to Social Security and Medicare,

Real security means keeping Medicare and Social Security strong and getting a Medicare prescription drug program. So those are some of the things that I'm going to talk about.

Richard Gephardt (1941-)

Americans United to Protect Social Security - which successfully mobilized to stop Bush's Wall Street Social Security plan - grew directly out of our work to build a nationwide activist coalition to oppose Social Security privatization. This new campaign, organized with a broader issue mandate, will build on and amplify the work of the Campaign for America's Future and many other groups around the issues of cleaning up corruption in government; health care; energy independence and the other 'kitchen table' economic issues Americans care about.

I believe they have an affirmative obligation to come up with spending cuts or new revenue to prevent us from raiding the Medicare and Social Security trust funds,

His plan is going to needlessly risk the economic prosperity and jeopardize the future of Social Security and Medicare.

I believe President Bush's campaign promises are unraveling, ... He claimed we could afford his massive tax cut, a major defense buildup, more money for education, while paying down the debt and protecting Social Security and Medicare. He was wrong.

We are going to make every effort to try to lock up the surplus in payroll taxes for Social Security and Medicare, ... Our tax cut doesn't come from Medicare.

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