02/10/2016
https://www.congress.gov...
"the program is insolvent. The present value of the promised benefits is much greater than the present value of the revenue that is meant to pay those benefits."
"Lower-income workers have not enjoyed the extension of life expectancy that others have."
"Tax increases are not the answer. Tax increases will not bring the spending growth in line with GDP growth, and will be economically destructive."
"Both the Social Security and Medicare programs face substantial financing shortfalls that require legislative corrections."