opening statement
If you are going to solve a problem, you have to properly define it.
So, the Disability Trust Fund is going to run out, according to your current paper here, about 2017.
the Trust Fund has no value to the Federal Government, dollar value, correct?
Over the next 30 years, Social Security will pay out $14.6 trillion more in benefits than it takes in the payroll tax.
CBO has analyzed in great detail the long-term consequences of deficit spending.
Medicare will pay out $35 trillion more in benefits than it takes in the payroll tax over the next 30 years.
I do not personally think that is sustainable.
And, then, when the Trust Funds run out of the retirement benefits, right now, somewhere around 2033, what is the projec...
So, let me focus in on Social Security, because you might be a little bit more familiar with those.
We need more taxpayers. And, that is going to happen by the capital investment that individuals make, not what the gover...
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 have a spending problem, not a taxing problem.
This is a national security issue.
We really do not know how to pay for them.
I actually agree, we have a revenue problem and a spending problem.
We have to borrow the money from China to go to Taiwan and defend Taiwan against China.
The ability to tap human potential has changed dramatically since the program was first created in 1956.
