double for them what it is for us right now just to keep this current government floating at that time. the congressional budget office told me they map the economy going future they tell me they think the economy crashes in 2037 they can t conceive of away it continues past that year because of a debt burden. you feel he understands the issue. i am going to ask the first question what s the solution not the problem? everybody go back to 50. so what the problem if you look at this it is spending. we don t have a problem of people saying we are too fat. the problem is washington spends far too much money. there are a lot of good spending. a lot should be spending encore pratt welfare and thim things l that but there are big programs
trillion. now here s another irony with all this breast beating about the ryan plan and the obama plan and erskine bowles and simpson. with the ryan plan, which people hold out as draconian, ryan would have us add $6 trillion worth of additional debt before we start to make a dent. and so because he doesn t do anything for ten years. absolutely. and the plan was viewed by most people as most responsible would not create a balanced budget until 2037. that s the obama plan, no? no. we don t know when the obama plan would create another balanced budget. i have to tell you, it may be a function of getting old, but the idea that responsible people would say it s okay not to have another balanced budget for 26 years is just unbelievable to me. and i think it s part of a response to your question about
double for them what it is for us right now just to keep this current government floating at that time. the congressional budget office told me they map the economy going future they tell me they think the economy crashes in 2037 they can t conceive of away it continues past that year because of a debt burden. you feel he understands the issue. i am going to ask the first question what s the solution not the problem? everybody go back to 50. so what the problem if you look at this it is spending. we don t have a problem of people saying we are too fat. the problem is washington spends far too much money. there are a lot of good spending. a lot should be spending encore pratt welfare and thim things l that but there are big programs
are medicare, medicaid and social security, which are growing at roughly 6 and 8% a year when good economic growth is 3. that s why republicans put a plan on the table to insure that seniors today and near seniors in the current program but will reform it for future generations which is something the president doesn t do. according to the congressional budget office, you have medicare going broke in ten years and social security going broke by 2037 and the president kicks the can down the road. but you debate foreign affairs. that comes up. i talk about it. absolutely, peggy. again, as i think you know, foreign aid in the budget is about 1%, the cost of iraq and afghanistan, i don t quite have the numbers. 3% of the budget, circuit numbe significant numbers but pale in comparison to our structural
together now to strengthen social security for future generations. problem is, mr. obama offered no real fix for social security, which with all the baby boomers retiring will be unable to pay for itself come 2037. republican lindsey graham and two other republican leaders say they have a fix. raise the retirement age to 70. if we do nothing, everybody in america is going to be hit. the richest person in the country and the poorest person. that s not right. if we ll adjust the age to 70 and act today and not wait another five years, we can protect more americans than if we wait. not so fast says the aarp, the nation s largest senior organization. you want to raise the retirement age to 70? take a look at how many older americans can t find a job. the aarp says people in their 60s are at their highest unemployment levels ever. on average 44 and a half weeks.