On the recordMarch 10, 2014
This is kind of harkening back to the hearing we had back in June, but just refresh my memory.
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congress.govThis is kind of harkening back to the hearing we had back in June, but just refresh my memory.
Senator Johnson references a previous hearing for context in the discussion.
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Unfortunately, Social Security surpluses were spent and never invested in assets that have value to the U.S. Government. It is a legal Ponzi scheme.
We have to reduce the deficit. And so, we need to focus on spending, spending, spending.
The general feeling of Senate Finance is the TCJA — we need to make that permanent.
The amount that they’re looking to reduce spending is about 1.3%. It’s a rounding error. It’s completely inadequate.