Detailed text transcripts for TV channel - FOXNEWS - 20110313:18:27:00
Annual bases. we're paying out more than taking in. what our proposal puts out is not taking social security proceeds any longer and paying off the deficit. it's saying let's make sure social security is solvent for the next 75 years. >> chris: for instance raising retirement age. >> remember social security was put in place back in the 30s. set 65 as the start because life ex expectty was 65. now americans are living to age 80. the idea of raising the retirement age over the next 40 years, we're nothing going to be effected. folks under 35 might see a bump in the age increase but a lot of fol...