Young Oak Kim: “That is exactly right. So the President recognizes the problem. As a matter of fact, the Board of Trustees are his…”

“That is exactly right. So the President recognizes the problem. As a matter of fact, the Board of Trustees are his appointees. They are the ones that released the report that said it is going bankrupt. The President's plan and our plan are not that much different. As you said, if we look at the same baseline, we are talking about the same thing. Let us look at the Democrat's demagoguery. They have no plan, nothing until about a week ago, and they come up with an idea, a gentler plan, which says they can save $90 billion. Let us take a look at that. What is going to happen with the $90 billion savings when Medicare is about to go bankrupt? Ninety billion dollars certainly does not go far enough. Their plan simply delays Medicare bankruptcy by an additional 3 years. That is what they are doing. Worse than that, their plan leaves Medicare about $300 billion in debt, just as the first wave of baby boomers comes along. What is going to happen then? When the baby boomers decide to retire, then we have a $300 billion debt in the Medicare trust fund. Undoubtedly that is going to bankrupt it again. This is just another political gesture. I am concerned about this.”