I am afraid we are so dug in here we are sort of getting to the point where we are not listening to one another. Both sides want to pull down the debt. Both sides want to take social security out of the spending pool and build it back. But the President has other ideas. The Republicans have other ideas. It is not just one sole mission. To pull this thing down into something which is at least meaningful to me, let us assume we have a little business, and the business has not made money for 29 years. All of a sudden it starts to make money. During those 29 years, we have had to borrow money. We have had to pull down from our pension, our unfunded liability. That is not good. We want to build it up. We feel badly about it. We are able to cover our pensioners, but not the way we would like. All of a sudden we start to make money. Not only that, we look at the future and it looks like we are going to continue to make money. So what do we do? Obviously, start to pay back our debt, but certainly we start to pull back the pension account, which in this case is the social security. Also I think we say to our stockholders, we have not given you any dividend increases for years. Therefore, you stuck with us, your capital has been involved. You have been decent about this thing. We would like to help you a little bit. This tax decrease amounts to .009 percent of our Federal revenues. That is not very much, $60 per person.
Editor's note · Context
Discussing fiscal responsibility and the importance of addressing debt and social security.
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