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Nation's spending to be focus of Biden vs. Ryan debate

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    Kentucky Senator Rand Paul weighs in

  • Duration 5:19
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I say we go back to Donovan welcome everybody I'm Neil give it up coming in -- From the site of the vice presidential debate where we're learning now that these two are going to be going at the numbers.

All of the numbers what's being reported and what is not being reported.

What's being stands and what is not being afforded to be spent expect a good deal of discussion on entitlements -- the vice president says.

Paul Ryan wants to destroy.

Paul Ryan says the Obama Biden ticket wants to all but ignored it should be a feisty debate and here in the middle of that senator -- all of.

It's fine state of Kentucky it is beautiful states and thank you for thanks for coming to visit us we are told that they're gonna get down and dirty on the data from.

That could -- interest when it it.

Well you know entitlements are consuming the budget two thirds of our budget is entitlements and I think if you're elected official.

And -- -- unwilling to look at reforming the entitlements you shouldn't be an office so I think this could be a really good discussion to talk about entitlement.

It's all right now which is spelled this out here because.

Just over the last fourteen years they've grown markedly in this area -- we have some of these let's break it down just what's been going on over the last.

Where years of something I would do want to bring up with the senator just ecstatic here.

Alone when you take a peek at that and the growth of Medicare spending over these last.

For years to the point where we've gone from 390 billion to 4085.

Billion but the one that really caught my eye is just.

Those who are benefiting from entitlement programs or part of them we don't have this of this -- because it is far more important than anything your showing disability enrollment.

Up almost 18%.

Medicaid enrollment up more than 90%.

Food stamp enrollment north of sixty.

5% those are not sustainable numbers.

I can put -- into one figure for the average person pays in about a 100000 dollars over their working career in a Medicare.

But the average recipient takes out 300000.

You multiply that by fifty million people in Medicare and that's why we have a 35 trillion dollar deficit Medicare.

So in order to save these programs are Republicans want to save them as much as anybody else to save Medicare and saves a security.

They have to be reformed but the other side just been sticking their head in the sand pointing fingers and saying -- you wanna destroy Medicare.

No we're trying to preserve Medicare but it needs to be reform.

But look at -- -- -- this is code dates back to the Reagan administration senator and the fact of the matter is that under Republican and democratic presidents alike.

Even adjusted for inflation.

This -- the money going out far exceeds in -- of the year ending year -- that is not sustainable mess.

Now this in -- comes down to an unpopular issue a third -- politics is because then -- presumably going after.

Seniors or you're you're risking the senior vote.

What do you advise both candidates to do this.

I have more respect for the American public then a lot of politicians today I've been talking about.

Changing these programs -- I started running I said that inevitably the age of eligibility.

When you begin receiving Medicare and Social Security we'll have to gradually go up you did on the next generation my what is -- cutoff age ever wants to know.

All right is that people now -- -- early fifties who should look at getting it may be in their middle to late.

Fifties and what -- for Social Security I have a bill that would fix Social Security for 75 years wipes out a six trillion dollar deficit.

We gradually raise the age to seventy -- about a twenty year period starting with 56 and under.

And then what we use means test the benefits -- that fixes Social Security that wealthier people.

Cannot get the benefits -- -- -- a little bit less if you made over a 100000 are here you get about 2200 dollars a month.

Under my plan you get about 19100 a month you'd still get heavy get a little bit less if you made a decent income when you are working.

Well here's -- both sides -- risk putting people to sleep -- they're not careful you don't do this you explain this and in basic terms.

That it they've out want one -- like -- -- you're gonna steal 700 plus billion from Medicare.

Mr.

President on mr.

vice president.

No no you're going to take 700 billion at an -- going to -- and here we go back and forth -- so.

How -- today avoid dead end and not leave people at home watching totally confused.

I think the main thing you have to get across is are you willing to do something to save Medicare to say -- security.

Where you gonna say I'm not touching either one of them.

And I'm not gonna do anything and I'm opposed all reform wanted to -- that's the way we're going now is not sustainable I think you can say that the also to be willing to put forward -- reform.

President Obama has not been willing to put -- reform -- set this far from President Obama and ask him.

You can fix Social Security you can fix Medicare I will work with you to do this and you'll probably get reelected if you do it.

But he refuses to do we have met -- time and again and said.

These are simple mathematical things that -- have to be done and it's no one's fault it's because we had a whole lot of baby step forward to and we had less babies and each successive generation.

And we're living longer it's a demographic problem.

It's not a Republican Democrat problem and it could be fixed very simply have both sides would come again.

I would just minor adjustments if you think about senator thank you very very my museum senator Rand Paul -- bipartisan plan.

Try to get this under control --

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