Political Quotes

“That is coming out of part of the FICA tax, but it is the labor force participation. When you create incentives in society not to be part of society, then you lose all sorts of things. Let's do this slightly out of order. I was going to do this slide to talk about the scale of what you and I have to deal with. What happens in society when you functionally finance people being sick? Let's be brutal. We should do some fairly revolutionary things in the farm bill because we give people money to buy onion rings. I would say that is immoral when obesity is almost one-half of healthcare costs. I have a slide that shows the Milken Institute study from a couple of years ago. It is 40 percent of all healthcare spending in the country. We are dying. Then, we have this other issue that we are not having children. This last year, fertility rates in the United States collapsed to 1.62, meaning France has more children than we do. You tell me how we finance things like Social Security, Medicare, and these things, which are pay-as-you-go. Today's taxpayers are sort of paying the benefits of today's retirees, which is the way it was designed because we always expect population stability. In 15 years, this country has more deaths than births. We are having the fifth year in a row where prime-age males are dying younger. A child born today, particularly a male child born today, is estimated to have a shorter life expectancy than you and I.…”