Rep. James Clyburn on fixing Social Security
Debate over what we can do now?
- Duration 4:24
- Date Feb 14, 2013
Debate over what we can do now?
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Politicians keep fighting got going -- a -- security is warning today that the program is -- from neglect Michael Australia's.
On his way out but that's not -- -- stopping him from speaking out he says that the problem is unsustainable on its current course.
And both parties need to get a grip on has to democratic artisans of Cliburn cars -- always great having you sir.
Estimates or rumors you know we we should put December's fact going to be saying that look -- -- ostensibly -- -- -- the -- in 2033.
You know twenty years from now when we essentially run out of options run out of gas and maybe we're -- at a Social Security.
We're not there yet but he's saying that.
By ignoring little things we didn't do now we -- all but guaranteeing.
Big problems later why can't we then do little things now.
I don't know Lovie can't visit -- because.
And very much for doing something you -- know.
That I have been and advocated for quite sometime now.
That's heavy lift the cap room are meant to send notes are secured it is -- -- of the -- under the thirteen.
The thousand dollars that's in that doesn't remains in the current 50000 of the year.
You pay -- do -- and come.
Under the center of the ring problem also -- the tax.
But on the senate today from if you make two argument for the 5000 dollars a year you'll -- -- -- 50%.
Of the income so I've been an advocate.
What took him a look they get rid of the cavs -- they come over 200 fit the fact.
You that's not death I don't know where you're coming from it comes in but I guess -- it's a way to to tax more to get more money.
I could see where you -- -- -- but the but why not either start looking at raising the retirement age.
Grandfathered in over decades.
But stuff like that that would would would be equated to -- you know taxing.
Well you know on and it.
Yeah -- there is that what you mean -- it -- -- -- about what you just said.
You're gonna say that for you and I we worked in the air conditioned environment.
-- I have to -- retirement age now.
Hello I only moderately -- -- -- a call minor medevac to wanted to do that and by the way while also look at it carefully what I -- to do -- look at ways that if Americans are indeed living longer edited and ended you want to make separate allowances for those who work another.
Onerous conditions and very hard labor intensive jobs and by the way mine is very intense -- a -- didn't notice read a proper isn't.
But but you -- -- up Burleson my next question here but if you were to just do something like that and still -- the end.
Oh grandfathered in congress and over decades and he did -- would be recognizing.
-- Americans are living longer and we could find a better way to will thwart the benefits -- providing now that aren't sustainable.
Well if you want to take a good look at bet you there because obviously had a dictionary of occupation of thousands.
That is a big book and I'm very familiar with let's take a look at the Dixon obvious from -- and -- -- a certain our retirement.
Go to go to bed based upon as the kinds of jobs -- and out.
It's opened so great you I -- I hope we can argue over who gets well and it.
But you're also and to raise -- -- it.
I'm open to finding creative ways to be fair.
To get this done a -- done.
But when I say what you don't let everybody could not just when he -- the basic methods involved here what to -- security administrator is saying.
That we are now having fewer people paying into a system more people are going to be taking out.
It used to be thirty to want.
Workers paying into every benefits very we're very close now to being two to one.
But but by the next twenty years it's gonna be almost a one don't want that as you know -- cannot be sustained right.
Well remember who we -- repair and -- team this morning.
-- the threshold.
Was much prayer lord of must low upfront so much the cap.
Who was very little.
We -- -- around it all look like this map right you're not -- Scientology -- to raise the cap got a lot more money and from taxpayers and call of the day yeah.
And I'm for coming up with a system their routes that are -- seven to five years provinces.
I have the program.
It's a proposal of their we've been talking about for a long time we've stood it did you do -- -- fabricated -- -- it's part of Georgia but it's you can include me with the coal miners congress will be -- up top of the races sir thank I'm all for doing that it's it's always a pleasure having you thank you very very much.