I would not say everything is fine. I guess with the fed would do is the regulations. The others interesting in light of the earlier question which is gary mentioned the idea of distinguishing at the treasurys insight mark getting functioning perks had they done that maybe they would not have kept it song in 2020. Quick as a reason why. We have to go but thank you very much. Thank you so much i love we are colorcoded. We did that on purpose. [laughter] and thank you so much. [applause] thank you to ai into the other cohost for having us here today. Not enough discussions and digging down deeper into some of the Drivers Behind it. We at the partisan center been working position for many, many years unfortunately not much is changed we ran a Debt Reduction task force way back in 2010 that was the shadow condition that president obama sat up. A few of those recommendations were enacted but many were not particular on an issue at door talking about in this panel, Social Security. At bbc ma
Lets give them a good round of applause. [applause] its a chock full day. Youll start hearing people give you insight to Social Security and a lot of it in depth of the actuarial perspective which are the lifeblood of the Social Security so youll be hearing but the key to this day, in my view and i hope to be here the whole day, is the last session real have a chance to put together a Social Security long term solvency program. Youll hear a lot of the options discussed and to do it yourself. This is an amazing city. I relocated here last july from new york, you might be surprised to think im from new york and what i love about the city is that everyone is connected. Im taking over this morning and my driver says where can i take you and my driver said i told him the barber center. Barbara jordan, theres a center named after Barbara Jordan and i said yes, did you know who she was. He said not only do i know she was but i had a radio show in washington, 50 years ago on the station it doe
So theres a gallup poll that came out i think a year or two ago that asked all working age americans that question. And 51 of them said they didnt think they would see a penny from Social Security. You get a trooper that several ways but i think its pretty shocking to see how little faith people have when theyre planning for their own retirement of how much they will get. Whether they actually believe that order was more symbolizing their lack of faith or mr. Ross in the political system is up for question. It was pretty shocking to me it was that high a figure. That really brings to the discussion we will have here today in looking at social securities longterm sustainability and the financing structure and how we do make it sustainable for the long run so it will be there in some shape or form probably with modifications for when you all need and ready to claim benefits. So i just want to start very briefly by letting everyone know about a commission with at the Bipartisan Policy Cen
Financing and policy option. Thank you all for being here with us today. I want to start by just getting a show of hands and sing humming of the people in this room think they would financing and policy option. Get at least a penny from Social Security. All right. Probably twothirds, threequarters. So theres a gallup poll that came out i think a year or two ago that asked all working age americans that question. And 51 of them said they didnt think they would see a penny from Social Security. You get a trooper that several ways but i think its pretty shocking to see how ittle faith people have when theyre planning for their own retirement of how much they will get. Whether they actually believe that order was more symbolizing their lack of faith or mr. Ross in the political system is up for question. It was pretty shocking to me it was that high a figure. That really brings to the discussion we will have here today in looking at social securities longterm sustainability and the financi
Security financing and policy options. Thank you for being here with us today. Wanted to start by just getting a show of hands and how many people in this room think they will get at least a penny from Social Security . All right, probably two thirds, three quarters. There is a gallup poll that came out a year or two ago that asked all working age americans that question and 51 of them said they did not think they would see a penny from Social Security. You can interpret that several different ways, but i think its pretty shocking to see how little faith people have when planning for their own retirement, how much they will get. Whether they actually believe that or it was more symbolizing their lack of faith or mistrust in the political system is up for question, but it was pretty shocking that it was that high a figure and i think that really brings us to the discussion we had today in looking at Social Securitys longterm sustainability and the financing structure and how we do make