absolutely. take a look at the news story we had 10 minutes ago where social security as of right now is spending more than they re taking in. they had estimated before it it wouldn t happen for six, seven, eight years. it s happening today. and it s going to get only worse. these numbers make no sense. they should face up to them. can we talk hope? the hope is that american people, wherever you go, they re aware of this. the debt clock seems to be more prevalent now. there s more awareness than ever. i talked to older people about medicare being in the hole. they said i paid into the system and it ought to cover more. cover more of my drug costs. that s the deal. but already, they re getting two to three times what they paid in. they don t know that. and social security exhausted by 2037. all right, john. thanks for the good news. yeah. watch stossel, 8:00 on fox business network tonight. there he is. playing himself. you old meany, you. do you know the name troy d
bunker predicted finally caught up with us? stuart varney has caught up with us, the host of varney a& compay on the fox business network. was archie right? no, he was wrong. your check, brian, even at your age is safe but we do have a huge problem. for the first time in 25 years, last year, late last year, the social security paid out more than it brought in. it went to the deficit. that gets worse. we re eating away at this $2 1/2 trillion trust fund. it will run out by 2037 so you ve got to fix social security. there will be, i predict, an increase in the retirement age. there will be an increase in the taxable base for social security. both those things will happen but not for sometime to come but the fix will happen. right, so many people were worried about their social security and stuff like that but ultimately, wouldn t there be more money for social security if washington just wasn t so drunk spending our dough? well, sort of, yes.
boomers we re at the front end of the baby boomers. it s not going to last. what s your definition of sol advancecy? we have the congressional budget office saying social security may pay out more than it takes in as soon as this year. no, that s an excellent point. it s the government s notion we can keep social security afloat until 2037. but based on the numbers right now, by the year 2016 we ll pay out more. the quote/unquote surplus will be gone. that number 2037 is a joke. what we need to realize now is that we need to have economic vitality, businesses need to start hiring, we need to create an environment where businesses are willing to expand and even stay the same level instead of scaling back. that s going to come from cutting taxes we currently have the second highest corporate tax rate in the world.
even worse. in washington, jim angle, fox news. martha: fast facts for you on social security. in all, about 56 million people received some type of benefit or assistance. the program cost will exceed tax revenues in 2016 and throughout the remainder of the seven five-year projection period. social security combined will be able to pay out scheduled benefits until the funds become exhausted in 2037. and in 1982, that was the last time that the money paid into social security beneficiaries exceeded the money that was taken in for that fiscal year. that s the last time we found ourselves in a position we are in now. gregg: speaking of numbers, new poll numbers showing a majority of americans are not too happy with the federal government. take a look at these figures. according to rasmussen reports polls, 75 percent are angry at the current policies of the federal government. 75 percent. and about 19 percent say well, they re not angry at
consider the percentages and numbers. this is exhibit 2,037 in a tria on media bias, i mean how many different examples do we need before we are no longer surprised, and also you who s not surprised as the american people come out well ever have, not only don t think the media is wrong or even innocently wrong, they think they are intentionally biased. in a culture that needs a referee, a new neutral arbiter, and the media is supposed to be that. color me not surprised that the are covering this differently from how they would color any republican. and now the barometer saying that a great portion of the country believes the media actively makes up stories and report stories they know to not be true. morgan, one of the interesting portions of the briefing i pulled out was that commission officers were the ones that she is going to report positive diagnoses, not those who are no commissioned.