Page 8 - Benefit Changes News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The progres prognosis for me and social security is not promising. today's annual report reinforces what many of you already believe, that without changes both are in trouble. >> reporter: with 10 thousand baby boomers retiring every day for the next two decades, it's clear the young will face higher taxes if seniors collect all their social security and medicare benefits, promises that far exceed any plans to pay for them. >> we're looking at over 30 trillion in total obligations that we have to find financial resources 0 to pay for above and beyond projecte projected payro. >> the programs a...

>> no i would not. >> with all due respect waste and fraud people have been talking it for years don't you have to make benefit changes if you are going to deal with this debt issue? >> i think you might have to make some. what you want to do first -- >> such as what? >> getting the waste and fraud out. you have to have strict enforcement you have to understand you have to have u.s. attorneys that go after this with a serious approach and realize that in order for these programs to be able to survive so my children and my grandchildren have an opportunity to benefit from them we have to spend ...

>> no, i would not. >> chris: with all due respect, sir waste an fraud, people have been talking about for years and don't you have to make benefit changes if you deal with the debt issue. >> i think you might have to make some but i think what you want to do first is -- >> such as what. >> getting the waste and fraud out. i think you have to have strict enforcement, understand that you have to have u.s. attorneys that go after this with a serious approach and realize that in order for these programs to be able to survive, so my children and my grandchildren have an opportunity to be able to b...

Adjustment. >> no, i would not. >> chris: with all due respect, sir waste an fraud, people have been talking about for years and don't you have to make benefit changes if you deal with the debt issue. >> i think you might have to make some but i think what you want to do first is -- >> such as what. >> getting the waste and fraud out. i think you have to have strict enforcement, understand that you have to have u.s. attorneys that go after this with a serious approach and realize that in order for these programs to be able to survive, so my children and my grandchildren have an opportunity to ...