Chris Sununu: “in their opening statements we heard the other side use the word ``guarantee'' numerous times. To be sure, my colleagues…”

“in their opening statements we heard the other side use the word ``guarantee'' numerous times. To be sure, my colleagues and I believe strongly in the moral obligation that we have to ensure a sound retirement system. But to simply say ``guarantee,'' ``guarantee,'' as if that will solve the fundamental problems in our retirement security system is a huge mistake and it ignores both demographics and the baby boom generation and history because, we all know, in 1977 and 1983, significant changes were made. We are willing to stand up and talk about ways that have been actuarially shown to strengthen the solvency of the system, but we still have not heard a single idea or proposal of substance from the other side. If you are not going to cut benefits, and you are not going to raise taxes, what ever are you going to do?”