Reforming Social Security's payroll tax cap and treating investment income like wages could close more than 100 percent of the long-term financing gap.

I assert that our Tax Code has been corrupted by special interests, that powerful interests rich enough to pay for lobbyists and fund Super PACs have looted our tax system to make themselves even richer.

I would just like to ask you if you would be willing to work with me, and I know Senator Wyden is interested in this on the Finance Committee as well, in a general look at how to do cliff smoothing.

I appreciate your advocacy for it and your call for further support for it.

These cliffs, I think, are really hard for people that get caught by surprise by them, and they are also, it seems to me, pretty terrible just public policy.

I am particularly grateful to them with their work.

There is no mandate.

Do we really want to leave Ukraine high and dry to the tender mercies of the pediatric hospital bombing monster Putin? I kind of doubt it.

Democrats have always pledged to protect and preserve Social Security and Medicare.

the growth in healthcare spending has been one of the primary drivers on the spending side.

My Republican colleagues complain that I, and my Democratic colleagues, aren't concerned about our nation's fiscal situation...

CBO about 2 months ago released new estimates that project that an extension of the 2017 Trump tax cuts would add $4.6 trillion to the debt over 10 years.

CBO's long-term budget projections back in 2012 were the last time that CBO showed debt declining as a share of GDP.

Yes. And then here's defense discretionary spending, and then this is non-defense discretionary spending, which as you can see has been fairly constant over all of those years.

the prospect of that creating a shock to the economy along the lines of the 2008 shock or worse, have been repeatedly raised in this Committee.

the prospect of that creating a shock to the economy along the lines of the 2008 shock or worse, have been repeatedly raised in this Committee.

Yes. And then here's defense discretionary spending, and then this is non-defense discretionary spending, which as you can see has been fairly constant over all of those years.

Indeed, CBO found that actual and projected federal health spending over the 2010 to 2033 period was $6.3 trillion, $6.3 trillion lower than predicted, which I attribute to improving quality, and moving to value-based care.