"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"
About this Quote
The intent is clear: shift the debate from values (what retirees are owed, what a society promises across generations) to solvency, where the default policy answers are benefit trims, later retirement, or partial privatization. Snow’s phrasing also smuggles in a key assumption: that “making the system whole” requires prepaying a looming lump sum, rather than managing a long-run gap through incremental tax adjustments, wage growth, or broader fiscal choices. That framing matters because it nudges listeners toward scarcity politics: there isn’t a question of priorities, only the grim obligation to “come up with” the money.
Contextually, this line lives in the early-2000s era when “entitlement reform” was marketed with big, intimidating totals meant to overwhelm the public’s sense of scale. It’s a persuasive move that relies on mismatch: 11 trillion is so vast it short-circuits nuance, even though the actual policy problem is about future cash flows over decades. The subtext: responsible adults face the math; everyone else is in denial.
Quote Details
| Topic | Money |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Snow, John W. (2026, January 18). 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. FixQuotes. https://fixquotes.com/quotes/social-security-represents-an-11-trillion-20302/
Chicago Style
Snow, John W. "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." FixQuotes. January 18, 2026. https://fixquotes.com/quotes/social-security-represents-an-11-trillion-20302/.
MLA Style (9th ed.)
"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." FixQuotes, 18 Jan. 2026, https://fixquotes.com/quotes/social-security-represents-an-11-trillion-20302/. Accessed 12 Feb. 2026.

