Tom Coburn: “I think again, just to reemphasize the point, first, if we do not put all the Social Security money into Social…”

“I think again, just to reemphasize the point, first, if we do not put all the Social Security money into Social Security, one, if we do not address the problems with Social Security, we are going to see at least $800 billion per year in increased taxes on working Americans just to pay for Social Security. That does not have factored into it any inflationary spirals that might be higher than what we think they are going to be. So to get $800 billion in 2030, $780 billion in 2029, what do we do? What that means is the constituents in my district, my grandchildren, they are not going to get to do anything except barely eat, barely sleep and have a roof over their head if they want to pay for my generation's Social Security. So the hard work has to start now. The hard work has to be associated with restraining spending, not necessarily new spending on new programs but paying for it by cutting spending somewhere else that is not effective, rather than spending more of our grandchildren's money.”