Page 2 - Social Security Problem News Today

Well in your district. so what is your position on it? >> from the very beginning, ive been against any changing of the medicare. i dont want anything cut there, and i didnt cut enough in the spending side. what we have to do is put men and women back to work. if we had everybody working. we could solve the social security problem, and we could solve the budget problem. put people back to work. get us out of the free trade agreements and wto and get balanced trade. if we had balanced trade, peop...

That alone wont solve the problem. >> the social security problem would alone be solved essentially by bringing up the payroll tax cut. you can say its a bad idea. its not like im making up the numbers here, this is basically what it says, you can do other things and do it by means testing. i would like social security reform and fine to means test it. im not saying payroll tax is what you want to do. shortfall is 0.7% of gdp not unmanageable and thereç are wa to handle it. we dont need to blo...

Tracy byrnes, the president says we need modest adjustments to shore up social security. you say? >> ♪ tax hikes are coming ♪ and big ones this is what the dems do when there is a problem, raise taxes. the problem is when they collect the tax money, nobody knows what they do with it. we know social security is the biggest ponzi scheme ever. they rob from it. the right thing to do is pay it back. but they wont do that. they ill collect taxes and say they are using it to fund social security. ...

One of things they were asking about is raising the retirement age and social security benefits age to 63. what would be wrong with that? >> first of all, i love ruth, but her column is a very simplistic and very, very shallow analysis of that whole conversation that we had. it was an in our and a half long. >> we both love ruth, but her point is that you are not looking at the deficit side and you want to put the burden on the rich. >> in short term, we dont have a deficit problem. its the long...

Liability to fantastic asset for the nation. >> david: hope one of the sound insurers wasnt aig, by the way. >> no. they are all getting the benefits. >> david: rich, like other places in small localities like chile and so forth but ever tried in a big economy, nothing is big as the u.s., but something more like the u.s.? no reason it couldnt scale. e-mac is right. you have to force people to save and save them in a safe investment. they will choose to do that because pay-out are higher than the...

Have any power. it has one power, wolf. that is the power to search light. i think what they could do, it will be hard to get anything done in congress anytime soon, they could have the american public understand how big the problems are and what the trade-offs are. if they could educate the public and prepare us for what was coming, it would be a major service. thats what ross perot did during his campaign in 1992, for the charts. we need charts at night on television, that would be a major tel...

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