Bob Beauprez: “This is in many ways, I think, a classic case of good news. We have got this chart up here again representing a little…”

“This is in many ways, I think, a classic case of good news. We have got this chart up here again representing a little bit of the challenge in front of us. My parents were young workers at about this point in time, 1945. I was born in 1948. They are a part of these 42 that were working back in 1945 to provide the benefits for one retiree. One might call that one of their parents at the time. So this population of workers, my parents, were out there doing their thing day after day to provide the benefits for one retiree. Now today, which is where we are at now, it is kind of my generation, except we can see the group gets a little smaller. There is but three of us working for the benefits of one. My mother is one of those, and she depends on that paycheck every single month coming from Social Security, her benefits, and they are guaranteed. And that is a point that I think we cannot make often enough. The full faith and credit of the United States of America, both parties, Presidents from each party over the years have pledged that those benefits are there, and they are there.”