If it's going to be spent to mitigate climate change, I would argue it's probably going to be misspent because I don't think there's anything we can really do to hold back the tides.

Don't expect the federal government to come in and you know, bail you out.

So now we start dipping into the trust fund.

Doing nothing means cuts for everyone. Congress and the President consequently need to act.

The top 1 percent pays 40 percent of all income taxes. Okay. I dont know at what point in time is a fair share.

The top 1 percent pays 40 percent of all income taxes. Okay. I dont know at what point in time is a fair share.

What's frustrating to me is that there's just so much basic fundamental information we need to convey to the American public.

I want to save Social Security. I think everybody here in this hearing room wants to save Social Security.

Unfortunately, President Biden has refused to provide any leadership on this issue.

The only way to reach a deal on Social Security is to follow the Reagan-O'Neill model.

What's frustrating to me is that there's just so much basic fundamental information we need to convey to the American public.

Social Security is part of the social fabric of America, and every Republican agrees with that as well.

Social Security is part of the social fabric of America, and every Republican agrees with that as well.

Doing nothing means cuts for everyone. Congress and the President consequently need to act.

We're going to exhaust this accounting convention, then this thing is going to be empty in 2023.

So now we start dipping into the trust fund.

I want to save Social Security. I think everybody here in this hearing room wants to save Social Security.

Unfortunately, President Biden has refused to provide any leadership on this issue.

The only way to reach a deal on Social Security is to follow the Reagan-O'Neill model.

We're going to exhaust this accounting convention, then this thing is going to be empty in 2023.

There is no deal. There is no guarantee you are going to have a deal.

You faced an existential threat. You faced this for 2 years. You engaged in litigation and spent, what, about $50 million trying to defend yourself.

The only reason you are looking for funding from the PIF is an accommodation for PIF to have a seat at the table in running golf.

That destroys the game of golf. That is my perspective of this.

It is also true that U.S. Government bond held in the hands of a U.S. Government entity, literally has no value.