Anthony Weiner: “I would argue that interest on the national debt that we are racking up every year is an expenditure that we get no…”

“I would argue that interest on the national debt that we are racking up every year is an expenditure that we get no value for. It is essentially foreign aid is what it really is because so much of these payments are going overseas because so much of our debt is held by overseas entities, but we do not get anything for that. You cannot go back to your district and say now we have 20 percent of the budget is going to just make these payments. Let us not forget something. The Social Security program is not supposed to be a profit retirement plan. The President is absolutely right. If we invested since 1935 every dollar in the stock market, we would have a lot more money in the trust fund for sure. The problem is the line would not go like this. It would go like this. The program was intended to be fundamentally an antipoverty program, a safety net program. It is a program that is there for everyone, and also, the idea you are getting out a lot more than when you put in. The President says that it is a sign that the program is broken. No. That is the way it was created because we assume that from generation to generation, just as your generation did for us, we would be creating a stronger economy with more coming into the Social Security program.”