Political Quotes

Paul Ryan: That is right. I applaud that. One of the things that we have to keep in mind is that the demographics of America are…

On the recordMarch 23, 2004
That is right. I applaud that. One of the things that we have to keep in mind is that the demographics of America are changing. And as the baby boomers begin to retire, we have to take into account the fact that we have 40 million retirees today; when the boomers are fully retired, we will have 80 million retirees. And so many of our programs are geared towards senior citizens, namely, Social Security and Medicare, Medicaid as well. So we have a tremendous fiscal pressure staring us in the face. In order to prepare for those moments, not only do we need to reform these programs so we can improve them and make sure they are solvent, but we have to be able to pass a budget that we can stick to and enforce to get us to that solvency date, to make these programs viable for the baby boomers and for our generation, the generation afterwards.
Said by
Paul Ryan
Wisconsin

Editor's note · Context

Discussing the fiscal challenges posed by the retirement of the baby boomer generation.

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