State of the Union: Congressman Jim Moran (D – VA) on Social Security.
Congressman Moran argues that the social security fund is not bankrupt as the President’s speech suggested and that indeed it is solved until 2052, after which point people will still receive 80% of benefits that they are receiving today. He concluded that, contrary to popular perception social security the real crises are the budget deficit and healthcare. (0:44)
February 3, 2005
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- Joshua Bolten warns that today’s young workers are in danger of losing Social Security benefits
- Senator Schumer (D-NY) on the new budget: The President’s top two priorities are not in the budget
- Rep. Dennis J. Kucinich (D-Ohio) and his reaction to the State of the Union address.
- Rep. Mike Ross (D-AR) explains that President Bush’s plan for Social Security reform will bankrupt the program even sooner than expected because privatization will take money out of the system.
- Joshua Bolten, Director of the Office of Management and Budget explains the reduction of the United States’ deficit last year.
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