Social security was much closer to going bankrupt and then it is today. The reason we have it today is the work the commission did, the surplus that was piled up in the intervening years until finally the baby boomer generation began to retire and are drying it down pretty rapidly. An opportunity to do that again, if we could reform Something Like that, we prevented this for three consecutive congresses by this president could be the person who saves Social Security, put it on firm footing and it would be done in a bipartisan way. My friend on the other side of the aisle are always concerned this means cutting but look what Ronald Reagan did with that commission was to bowe neil and Ronald Reagan the next year won reelection with 49 states and to bowe neil remained speaker of the house, you can do this in a bipartisan way as long as you are protecting the program because it is a popular program. The way they did it is gradually raised the age, i was 34, told me youre going to retire at
It is essential the process of providing liquidity assistance does not become detached from the fiscal process that is the essence of our charge. The longterm Solution Congress is contemplating the emergency supplemental should have formalized mechanisms to tie liquidity relief to the fiscal plans. Revision of those fiscal plans we are well aware as you stated we have to revise certified Physical Plant in light of the hurricanes devastation. This process will take several weeks, the board will hold 3 listening sessions in which all stakeholders are providing input to those fiscal plans as part of the revision process and also agreed with federal mediators to hold two additional sessions with creditor stakeholders. Our aim is to prepare revised plans. Deadline for the commonwealth to submit the use plans to the board descend the 22nd 2017 with revision through the certification date of february 2, 2018. Deadline for other entities will follow on the heels of that. Achieve transformation