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Colin Powell on Social Security

Secretary of State (Pres. Bush Cabinet)

 


Hard reality: reduce entitlements or raise taxes

The great domestic political challenge of our time is to reconcile the necessity for fiscal responsibility with the explosive growth in entitlement programs, including Social Security and Medicare, which the needy and the middle class rely on so heavily. Realistically, we have only two alternatives: either we reduce the entitlement system or we raise taxes to pay for it. We cannot keep balancing the books by increasing the deficit. Yet many politicians want to exempt such programs from serious fiscal scrutiny because to do otherwise risks political suicide. However, until our leaders are willing to talk straight to the American people and the people are willing to accept hard realities, no solution will be found to relieve our children and grandchildren of the crushing debt that we are currently amassing as their inheritance. I say all this, of course, fully aware that it is easy for me to do so since, so far, I have never asked anyone to vote for me.
Source: My American Journey, by Colin Powell, p. 591 , Jan 1, 1995

Other candidates on Social Security: Colin Powell on other issues:
Obama Administration:
Pres.Barack Obama
V.P.Joe Biden
State:John Kerry
A.G.:Eric Holder
USDA:Tom Vilsack
DOT:Ray LaHood
HUD:Julian Castro

Former Obama Administration:
State:Hillary Clinton
DOL:Hilda Solis
Staff:Rahm Emanuel
DoD:Chuck Hagel
DOI:Ken Salazar
DHS:Janet Napolitano
HHS:Kathleen Sebelius
DVA:Eric Shinseki
DoC:Gary Locke

Former Bush Administration:
State:Colin Powell
State:Condi Rice
EPA:Christie Whitman

Former Clinton Administration:
HUD:Andrew Cuomo
V.P.Al Gore
Labor:Robert Reich
A.G.:Janet Reno
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Page last updated: Sep 28, 2016