On the recordJune 24, 2013
I thank the Chair, but the cloture will be on the substitute which is 1,200 pages, not just the Senator's amendment, most of which I am supportive of. I think I could be supportive of much of it if we could make it effective. The Senator is correct when he says the people who are paying into Social Security and Medicare are not paying enough to produce the revenue that would take care of them for the rest of their lives. The Senator is right, and I certainly don't dispute that people who are given Social Security and start to work under this bill, which provides them amnesty and legal status, that they are going to pay Social Security and Medicare money they were not paying before, but that is their money. That money has to be used to pay for their retirement. Where is the money going to come from to pay for that? All I am saying is that it is quite plain, and that is why the CBO score said the on-budget deficit gets worse. In the 10-year window, the Social Security account looks better, but they are not counting the younger--the average age is 35. Workers will be retiring in the years to come and will demand their Medicare and Social Security. If the money is spent now, it will not be there in the future. That is how a country goes broke. Senator Corker is one of the most knowledgeable, hard-working, courageous, and determined people in the Senate in trying to fix the financial path we are on, but I think the Senator is misinterpreting that issue. Mr.…
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