On the recordJanuary 28, 2019
I am going to try to do a couple of things tonight, and some of this is actually to answer some correspondence we had into our office when we did part of our, we will call it, unified theory presentation a couple weeks ago on what we see happening. I have two key points I really want to try to drill home tonight. I am going to say them over and over, and I am going to use a number of different slides to talk about them. Mr. Speaker, one is, it is obvious. You see what is happening in our mandatory spending, but that mandatory spending is substantially driven by our demographics. We are getting older as a society, and we need to just deal with that. That is not Republican or Democratic; it is basically math. Those of us from the baby boom--there are 74 million of us--the peak of the baby boom, I believe, right now, is about 63 years old. A lot of the reforms should have happened a decade ago. Now it is almost too late. So how do we deal with the fact of the matter? We are going to see a number of slides of what is about to happen in our mandatory spending curve and what that means to the financial impact of our debt and our economic growth in our society, because much of the debate you will see behind these microphones, I believe, is actually missing the point. We joke in our office that D.C. is substantially a math-free zone. We are going to try to actually do some math. The reason we put up this slide is very, very simple: just to visualize it.…





