Jack Kingston: “that is the year we cut benefits 27 percent unless we do something to protect and preserve the system. So for somebody…”

“that is the year we cut benefits 27 percent unless we do something to protect and preserve the system. So for somebody like the gentleman who retires in 2041, it is going to take them probably 30 years. I do not know the mathematics. He may have figured it out, if he knows. But I know it will take him about 20 to 25 years at minimum to get all of his investment into it, and that means he can actually have a negative return; whereas there are a lot of people who have gotten a decent return out of Social Security, 5, 10 percent. But today, it is a 1 percent return, getting worse, and that is why there is a generational fairness. My experience has been, when we talk to seniors and seniors who might even say, let us just raise taxes like we have in the past, we say, yes, but that does not solve the problem of the gentleman from North Carolina's (Mr. McHenry) friends. We are not worried about the gentleman from North Carolina, but we are going to worry about his friends. And the truth of the matter is when seniors say, Well, wait a second, you mean to tell me I have already gotten all my money back, but my kids will probably never get their money back? We say yes. Then we get into a real generational fairness. And that is why it is so important to have everybody at the kitchen table when we work on it. Mr. McHENRY. Mr.…”