Social Security represents an $11 trilli... by John W. Snow

economist businessman Obligation transportation George W. Bush administration

Social Security represents an $11 trillion unfunded obligation. And when I say unfunded obligation, I mean we have to come up with $11 trillion at some point to make the system whole.

- John W. Snow

Other quotes by John W. Snow

Growth

We're focused on doing the things that make the economy perform well, and as you do that, reduce deficits, for one, very important; secondly, keep growth rates high, very important.

- John W. Snow

Action Will

I think we'll build a consensus for action on Social Security reform which will reduce that long-term unfunded obligation and put the system on a sustainable basis.

- John W. Snow

The deficit - the U.S. knows our deficit is too large. We are committed to bringing it down. We are bringing it down. The deficit came in for fiscal year '05 at considerably below where it was the prior year.

- John W. Snow

Ability

We can get more energy out of the north slope of Alaska; we have available the ability to make ourselves less dependent on those uncertain sources of supply from the Middle East. And it's important we do that.

- John W. Snow

People

And I think the American people look to the leaders to lead. They look to the leaders to take on the big problems. And the president deserves a lot of credit for doing that.

- John W. Snow

Growth

Well, I think the global economy is in the position for continuing good growth with inflation well in check.

- John W. Snow

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