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.
CBO has analyzed in great detail the long-term consequences of deficit spending.
Over the next 30 years, Social Security will pay out $14.6 trillion more in benefits than it takes in the payroll tax.
This is a national security issue.
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 Trust Fund has no value to the Federal Government, dollar value, correct?
We have a spending problem, not a taxing problem.
Do not trust a Federal trust fund. There are not dollars stashed away anywhere.
We had a President years ago that said, 'The buck stops here.' and we need to stop the buck.
The ability to tap human potential has changed dramatically since the program was first created in 1956.
