Fred Thompson on Social Security
Former Republican Senator (TN)
People say the programs are going bankrupt. They won't go bankrupt, [because] Washington will raise the taxes necessary to cover the problem. At this rate the federal government is going to wind up as nothing more than a transfer agent--transferring wealth from one generation to another. It will devastate our economy.
[Some believe] that our generation is too greedy to help the next generation. I believe just the opposite is true. If grandmom and granddad think that a little sacrifice will help their grandchildren, they will respond to a credible call to make that sacrifice--if they don't think that the sacrifice is going down some government black hole.
It's clear that we need bipartisanship to have any chance at real reform in any of these areas.
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