[inaudible conversations] host Michael Tanner nice to be with you. To date we will discuss your book going for broke. We will start to talk about what prompted you to write this book . Guest one thing that has frustrated believe these people stopped paying attention to the debt crisis that they think we have beaten it because the deficit is down a lot in the last couple of years than people think that will solve the problem but the reality is we are in a very temper revel and within a year or so below sea the deficits go back up as we add to the debt every year we have not even begun to see the problem ticket with medicaid and medicare and Social Security start to add up and if we dont start to act now while the sun is shining we will be in trouble when the rain starts. Host what does through the numbers. People probably dont understand the difference so what does through the numbers with those fiscal metrics. Guest the dead is a much more we spend then retaken with revenue that is abo
Blessings and have a picture of my grandson hanging in my office and it was so he got to sit on the floor with me. Host would you like to say one of your kids or grand kids run for office . Guest that is up for them. I dont know. My children i am kind of wondering whether my son he is 34 and an attorney with four children and knows the strain it puts on the life. I would be very proud but i dont know i would push them that way. Illinois of the 12th district in illinois, thanks for being with us. Thanks for having me. Coming up on cspan2, booktv features afterwards interview about books on economics. Next, Michael Tanner discusses going for broke deficits, debt, and the entitlement crisis then americans for tax reform president Grover Norquist book on end the irs before it ends us how to restore a low tax, high growth, wealthy america. Books about economics at 8 p. M. Eastern on booktv cspan2. Author of going for broke is interviewed by Maya Macguineas president of the committee for a r
Groups and it gets to be very complicated then the special interest lower the retirement age. Increase they have hear drastic hairdressers can retire at the age of 55 because their work with hazardous chemicals. [laughter] host how to readdress those problems we made more promises than revenue . Garett Social Security is running a small deficit but that will increase every year. It never goes away. Host in the payroll taxes used to be more than enough but now more are coming out. Boring paying out more and you dont have a lot of choices. Overall the future unfunded liabilities runs like 25 billion so it is real money we will have to find i dont thank you can bring in enough new money without seriously hurting the economy and not be fair to the young people. We will have to face the future not todays retirees but the future once with less every promised you could raise the retirement age, the best way has to do with how you calculate benefits. Right now use the 35 highest years of wages
And cons of Health Saving account and how they might offer to Traditional Health insurance. This is about two hours. Good afternoon, everyone. The American Enterprise institute. Im tom miller, resident fellow iei aei. Lull week bit of a where things are not moving as theyve pretended to move for of months. Uple the efforts in the senate for repeal and replace ended up in and depart, before recess week. And perhaps more to come. Let me just tell you, todays forum is called unbundling the forfit for broader role Health Savings accounts. In light of the senate efforts, thinking of is an older competition that used to be held for Young Athletes ages six to 15, to show their skills. Nfl. E it was called the hunt, pass and kick competition. Thats actually being discontinued. An announcement came in may, 55, 56 years of it. But it looks like the senate is up to the task. In terms of punting, passing, in sense orthrow it aside kicking approach. And well see how much more of that competition re
Hssa is our tax free accounts can be used to pay for medical expenses. This is two hours. Good afternoon, everyone. Welcome to the American Enterprise institute. Im resident fellow at aei. Were at a bit of a low week where things are not moving as theyve pretended to move for the last couple of months. The efforts in the senate for repeal and replace ened up in delay and depart for a recess week and perhaps more to come. What it first brought to me to and let me just tell you todays forum is called broughtening inbenefit for health and Health Savings accounts. But in light of the Senate Efforts what i was thinking of a competition that used to be held for Young Athletes between the ages of 6 to 15 to show their skills in the nfl. It was called the bunt, pass, and kick competition. It appears that thats actually being discontinued. The announcement came in may after 55, 56 years of it. But it looks like the senate is up to the task in terms of punting, passing, or kicking approach. And