Detailed text transcripts for TV channel - FOXNEWS - 20100805:08:27:00
Looking for way to reduce deficit and fix entitle programs including medicare, which are in deep trouble in coming years. social security for instance owes far more benefits than it can pay for. >> it has a $5.3 trillion unfunded liability. so we have to save social security to make it solvent. number one, it will run out of money. not tomorrow by 2040 or. so it will not have the legal authority to pay benefits. >> so if the unions are all wrong about officials stealing money from social security, why make such charges? >> it's a political football. i think some groups on the left are trying t...
Source: news source