As we discussed earlier today, any money borrowed for the Social Security trust fund has been guaranteed with special U.S. Treasury bonds.
More Quotes from Steve Israel:
As you know, Social Security functions under the premise that today's workers will help finance benefits for retirees and that these workers will then be supported by the next generation of workers paying into the same system.Steve Israel
The President and I agree that Social Security needs to be preserved so that we can ensure that all Americans receive the retirement benefits they've been promised. But we disagree as to how best to fix the system.
Steve Israel
As a result of the current universal benefit, the poverty rate for seniors in America is about 10%. Without the universal benefit, it would be over 50%.
Steve Israel
In my view, Hurricane Katrina has just become a good old-fashioned excuse for price gouging by the oil companies, ... We can't have a winter strategic energy plan with sweaters and propane heaters.
Steve Israel
I believe that as a nation we must have a bipartisan discussion about how to best preserve and protect Social Security for our seniors and for future generations of Americans.
Steve Israel
Either the industry will police itself -- and, so far, two of the three large wholesalers have decided to do that -- or Congress will pass legislation that protects Americans from counterfeit drugs, ... I think the more the big wholesalers realize how much of a mess the secondary market is, the more they want to clean it up by getting out.
Steve Israel
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Based on Topics: Money & Wealth QuotesIn 1971 I returned to the University of Chicago as Professor of Physics.
James Cronin
There is a woman at the begining of all great things.
Alphonse de Lamartine
On the whole, I'd rather be in Philidelphia.
W. C. Fields