David Schweikert: “I promise not to go 60 minutes. Continuing the series we have been trying to do on a much more, shall we call it…”

“I promise not to go 60 minutes. Continuing the series we have been trying to do on a much more, shall we call it, wholistic policy of how to get a sort of unified theory of what will make America's economy, opportunity, our ability to pay for our promises, particularly over the next 30-some years, when our baby boomers are in their retirement years. This is, actually, sort of just another module on trying to help sell, educate, convince, cajole, on that idea. We always start with this particular poster now that our belief is you sort of have five pillars on what we must do almost immediately to have the economic growth and the mechanics to be able to keep our promises. Remember, basic math: We have 74 million baby boomers. We are now about halfway through that 18-year cycle turning 65. In 8\1/2\ years is the final portion of the baby boom turning 65. In 8\1/2\ years, half the spending, less interest, coming out of this body, so 50 percent of the spending will be to those 65 and older. In 8\1/2\ years, there will be two workers for every one person in retirement. Understand what this means: If we don't have substantial economic growth, substantial incentives to stay in the workplace, and also a really disruptive cost curve in parts of healthcare, I defy you to make the math work. {time} 1945 So we have actually sort of laid out five principles of policy, and within those policies, there are lots of moving parts.…”