Press Releases
Brendan Daly/Nadeam Elshami
202-226-7616
03/25/2008
Pelosi Statement on Social Security and Medicare Trustees Reports
“This year’s trustees report again makes clear that Social
Security will be able to pay its full benefits through 2041. However, this trustees’ report, the last to
be issued by the current administration, reveals another squandered opportunity
by President Bush. The Bush Administration
decided to place tax cuts for the wealthiest Americans ahead of putting Social
Security and Medicare on more solid footing.
“When he inherited a projected $5.6 trillion surplus upon
entering office, President Bush could have used some of this surplus to
strengthen Social Security and Medicare for the baby boomers and future
generations. By turning that projected
surplus into a $3 trillion deficit, the President not only failed to protect
these twin pillars of retirement security, but also made it more difficult for
future policymakers to strengthen Social Security and Medicare.
“The Democratic Congress is committed to keeping the promise of Social Security and Medicare to all Americans.”