We have a spending problem, not a taxing problem.
The President seems to believe that we need to deficit spend today and for the next ten years in order to, in his words,...
We need more taxpayers. And, that is going to happen by the capital investment that individuals make, not what the gover...
So, let me focus in on Social Security, because you might be a little bit more familiar with those.
And, then, when the Trust Funds run out of the retirement benefits, right now, somewhere around 2033, what is the projec...
I do not personally think that is sustainable.
Medicare will pay out $35 trillion more in benefits than it takes in the payroll tax over the next 30 years.
Over the next 30 years, Social Security will pay out $14.6 trillion more in benefits than it takes in the payroll tax.
the Trust Fund has no value to the Federal Government, dollar value, correct?
So, the Disability Trust Fund is going to run out, according to your current paper here, about 2017.
If you are going to solve a problem, you have to properly define it.
economic growth really does provide the revenue Senator Warner was talking about. We need to concentrate on that.
The entire deficit over the next 30 years is $127 trillion.
I appreciate the fact that you were very honest in your assessment of the value of that Trust Fund.
We want to save Social Security and Medicare. That is our goal. We want to save it and make it sustainable for future ge...
I am very concerned by the politics that brings us to this hearing and this moment today.
I appreciate the opportunity to be here to discuss an important social safety net that is available to all working Ameri...
the only means available to restore solvency would be either drastic benefit cuts or raising revenues.
