Judd Gregg: “let me begin this discussion, although the discussion has already proceeded. Much of what the Senator from South…”

“let me begin this discussion, although the discussion has already proceeded. Much of what the Senator from South Carolina and the Senator from Wisconsin talked about, I agree with in the area of Social Security reform. There is absolutely no question but that the single, biggest fiscal policy issue facing this country today is the question of how we make the Social Security system a strong and vibrant system for generations to come and how we avoid what will be a fiscal disaster for our Nation if we do not address this issue in the near term. This problem is generated by the fact that we have a baby boom generation headed towards retirement. It is now turning age 50. In 15 years, it will be fully retired. In 12 years, we will begin to retire a baby boom generation that is the largest generation in the history of this country. And as that generation has moved through the system, it has affected this Nation in every decade throughout its life experience.”