Bill Clinton: “I think it would be--well, the reason you have a commission is so you don't have to jump the gun on trying to make…”

“I think it would be--well, the reason you have a commission is so you don't have to jump the gun on trying to make decisions. But let me mention--let's just--my view is it would be unwise to raise the payroll tax any more. It is already quite high, and it is a regressive tax. Most of our new jobs are coming from small businesses. If you start a small business, you have to pay the payroll tax whether you make any money or not. You don't have to pay income tax unless you're actually making money. And if you look at the job machine in America and where most of these jobs are coming and you look at the fact that the payroll tax is quite high, I think it would be difficult for us to do it. And I also believe if we start now, it will not be necessary. In terms of the age, keep in mind, we have already--the '83 commission got an agreement to raise the age from 65 to 67 because when Social Security was instituted the average life expectancy was less than 65. You didn't even have a 50-50 chance to draw Social Security when it started. Now if you get to be 65 in America, you're living in the group of seniors with the highest life expectancy in the world. So we're going up to 67. I think I would--to go beyond that, the question would be--there are two issues there. One is, could you accelerate the ladder? You know, it's like a month a year now; could it go to 2 months a year? That's one question. The other question would be, if you went beyond that, it might be fine for somebody like me who has always had a desk job, but what about people who have laboring jobs? What about people who really work with their hands and their backs, and would that be too burdensome for them? That would be my concern there. Go ahead, John, and then we'll come over here. Yes. Campaign Financing”