Detailed text transcripts for TV channel - CNN - 20110226:01:21:00
>> and perpetuity, that's forever, right? >> for a long time. and the way you do it is you link up age to longevity. when social security was passed in the '30s, we were living to be about 65 years old, we now live to 80. and we have all of the baby boomers retiring and i've said, you know what? they've blame md me for a lot o things, but i'm not responsible for the baby boom. we have to fix it and acknowledge there's a problem. >> what are we talking about? raising the retirement age? >> yes. >> give us the specifics. >> you do have to raise the age. and do it gradually. in 1984, we did it by...
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