I am pleased to see the Senate is back at it and perhaps we can get some action in the House.
In past bills, I think the McCain-Kennedy bill, we actually had a system by which the undocumented would move through th...
For me, I want that to be my choice as a parent. And you know what? I know my kids best. I know what morals and values a...
opening statement
We have actually done about 81 percent of Simpson-Bowles.
My concern is if the Government got involved, is the incentive for investment might be reduced.
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.
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 appreciate the fact that you were very honest in your assessment of the value of that Trust Fund.
The entire deficit over the next 30 years is $127 trillion.
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.
