this literally is the ticking time bomb sitting beneath Social Security and Medicare. They do not want to talk about it. They do not want to talk about fiscal solvency and fiscal responsibility that will help shore up Social Security and Medicare for the next 75 years. But this really gets to the crux of it. And later, next year perhaps, in the next session of Congress, we are going to have a serious discussion about Social Security reform. I think the best reform measures we can start taking today is instilling a little more fiscal discipline in the budgetary decisions so that this $160 billion annual raid on the Social Security trust fund stops and we have that ability to deal with the baby boom generation's retirement, which is about to explode in future years. But, again, it is the lack of leadership right now that we are seeing from the administration and here in Congress that is preventing us from really shoring up Social Security and Medicare as viable programs for many generations to come.
Ron Kind: “this literally is the ticking time bomb sitting beneath Social Security and Medicare. They do not want to talk about it.…”
Editor's note · Context
Addressing the need for reform in Social Security and Medicare during a floor speech.
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