Judd Gregg: “We live in a time where the United States is extraordinarily fortunate. We are at peace. We are a Nation that has great…”

“We live in a time where the United States is extraordinarily fortunate. We are at peace. We are a Nation that has great prosperity. We are a Nation with a balanced budget for the first time in 25 years. This is all good news. But there looms on the horizon a fiscal policy which, if we do not address in the coming near term, will dramatically undermine our Nation and make it difficult to pass on to our children a country of prosperity. That, of course, is the pending retirement, beginning in the latter part of the next decade, of the postwar baby-boom generation, that huge demographic group of which I and the President are members, which has impacted this country this very decade in some unique way, and which in the next two decades will, as a result of their retiring have an impact of basically bankrupting this country in the Social Security system, which so many seniors rely on, if we do not address these concerns. The opportunity to address these concerns is today.”