Detailed text transcripts for TV channel - FOXNEWS - 20111031:13:10:00
Period. let's backdrop a little. we've got less money going into social security, because fewer people are working, fewer people are paying social security taxes. we've got more money coming out of social security, because people are retiring earlier, the baby boomers are retiring, and you've got these payroll tax holidays. one for this year is in place, one for next year has been proposed. result? a quarter of a trillion dollars, taken out of reduced from social security in a two-year period. that means that the point at which we totally run out of money is getting much, much closer, and it m...
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