Tom Coburn: “Let us move in a little bit and just have a discussion about where we really stand on social security, because too many…”

“Let us move in a little bit and just have a discussion about where we really stand on social security, because too many people I find do not have a realistic expectation of how big the problem is; and number two, unfortunately, the Congress in past years has not been honest with the American public about the problem, so part of our goal tonight is to really kind of dive into that. Each year this government takes in billions and billions of dollars of social security money. Last year it was about $580 billion. We paid out about $480 billion to people who were on social security, receiving social security as a benefit. What that means is that we paid in an excess amount of actually about $86 billion last year that were excess payments of social security. As we look at this chart here on the left, and notice what the source of this, this is not a Republican or a Democrat chart, this is the Social Security Administration's numbers, what we saw in this area, and we continue to see until the year 2013, more payments coming into social security than are going to be paid out. But in 2013 something big is going to happen. We are going to pay out more money in social security than is coming in.”