By using Social Security trust fund dollars to pay for tax cuts and other government spending, the administration significantly understates the true fiscal imbalance of the country.
More Quotes from Kent Conrad:
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.Kent Conrad
It is unacceptable to give this industry special protection -- protection that has never been granted any other industry in our history.
Kent Conrad
When I went to Roosevelt grade school in Bismark, North Dakota, if you reduced spending by 39 and you reduced your income by 70, you were deeper in the hole, ... You've added to the deficit. You haven't reduced it.
Kent Conrad
The president's plan will give you a little boost and then look straight down, ... In fact, past 2004 it's worse than doing nothing.
Kent Conrad
It just jumps out at you that this notion hasn't worked out in the real world. And if it did work out, maybe we should eliminate all the taxes and balance the budget.
Kent Conrad
We have just had a massive disaster, ... This is not a time to be cutting services to the most needy among us.
Kent Conrad
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