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.
More Quotes from Kent Conrad:
If you look at his performance, his education, his attainments, that is the kind of person who has the quality to be in the Supreme Court. This man has a mind like a jewel.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
The request for an additional 18 billion for 2002 for defense would just make this situation worse, and I told the secretary of defense I believe they have an affirmative obligation to come up with a way of paying for this,
Kent Conrad
The truth is there are no surpluses, ... There are liabilities.
Kent Conrad
Negotiating sugar trade in bilateral free trade agreements is a recipe for disaster for the U.S. sugar industry, and it is unnecessary.
Kent Conrad
It leaves out any war cost past September 30th of this year. It leaves out the cost of fixing the Alternative Minimum Tax -- the old millionaires' tax that is rapidly becoming a middle-class tax trap,
Kent Conrad
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