The administration in my view is once again manufacturing a crisis. There is no crisis in the Social Security system. The system is not on the verge of bankruptcy.
— Paul Sarbanes
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.
America's Older Americans add great value to our Nation.
We are confronting a situation in which the Administration, in my view, is once again manufacturing a crisis. There is no crisis in the Social Security system. The system is not on the verge of bankruptcy.
Furthermore, and a point I really want to make very strongly, is that this is the first Administration since Herbert Hoover not to create a net gain in jobs in the course of its Administration.
Students of American history will recall that the important place where work gets done in the legislative body, almost without exception, is in the committees, more so than on the floor although sometimes more attention is paid to the floor.
That is what has happened to the United States in the international economic scene. We have deteriorated into a debtor status so that we are now dependent upon the kindness of strangers. That is not where the world's leading power should find itself.
Where anti-Semitism persists, the well being of all our people is at risk.
