Detailed text transcripts for TV channel - FOXNEWS - 20110604:06:11:00
It's not going to happen. each president obama's budget acknowledges that. >> but it's a powerful point on the stump. if i have to put $6400 out of my pocket -- i don't have it -- >> this doesn't apply to anybody above the age of 55. it is in 2030 and 2050 and beyond after that. if we haven't fixed this problem by then -- that's the least of our concerns. >> what are the consequences of not dealing with this issue before the election? the economic consequences? >> the actuaries tell us every year we fail, we go $10 trillion deeper in the hole in unfunded promises. for medicare, it's in the nei...