On the recordFebruary 10, 2016
We are actually doing something a little different tonight. We have brought about 15 to 20--what we will call-- boards. If we were in a more electronic age, they would be PowerPoints. We will have a couple of our brothers and sisters here, hopefully, from the Republican side to help us walk through some of these numbers and what they actually mean. We want to talk about what is really going on fiscally, mathwise. I am sure it was riveting reading for Members of this body; but 3 weeks ago, on a Wednesday--so 3 weeks ago today--the CBO issued a new report. When you go through the numbers of the reality of what is going on, it is devastating. The reality is that, unless this body engages in activities and policy and we have a President who is willing to work with us who dramatically improves economic growth and not just for a year but for the next couple of decades, there is not enough revenue to cover the entitlement promises we have made. I know that is sort of inflammatory to say, but we are going to actually walk through a series of the boards and sort of explain what is really going on. For someone who is actually out there who may have an interest in understanding what is happening, this is the CBO report from 3 weeks ago. What makes this one so different from any other report that has happened is that we have two major entitlement programs that run out of money--that go bankrupt--within the 10-year window.…
