Detailed text transcripts for TV channel - FOXNEWS - 20121127:16:35:00
Some statistics. i think though kind of illustrate really what the problem is with medicare and social security, if you go back to 1940, the number of years of life expectancy beyond retirement for men and women was about 14 years. you retire at 65. start, you could in those days start receiving benefits at 65. you would live about 14 more years. these days you're living to 85. so the payouts go on way beyond what the program was originally designed for. also, in 1945 you had about 41.9, almost 42 people paying into the, what is it called, old age, security and disability insurance. that is th...
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