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James Martin of the 60 Plus Association on the number of people receiving Social Security that aren’t retired workers.
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That we brought you some startling numbers on Social Security from the -- -- about.
Million people now collect benefits and twenty million album that's 36%.
All the people on Social Security then not retired workers -- on the disabled all the family members of deceased retired -- office.
Now consider this.
One point eight million people have been eliminated from the unemployment rolls in the past two years but doing exactly the same time.
The number of people who became disabled and unable to -- rose by.
One point eight million so one point eight million no longer unemployed one point eight million now disabled.
Join the company is James -- him.
He's with the sixty plus association that's a conservative lobbying group.
Jim let's deal festival 36%.
People getting Social Security on not retired woke us does that surprise you.
I'll know not really.
-- because others -- that you know it puts a huge financial strain on the system obviously.
But does something has to be done to reform the system.
And so that's why I'd like to talk about this morning reforming Social Security for future retirees look.
Current retirees are safe on the current system.
The Social Security turned 77 years old.
Next week.
And for the first 75 years in the system at work quite well.
But alarm bells should -- gone off about two years ago when for the first time in the 77 year history for the first time.
The government had to borrow money.
To meet its obligations to current retirees again in 201049.
Billion dollars -- to borrow.
2011 -- -- -- another forty billions of dollars okay it's time that responsible Democrats and Republicans alike.
Work together to reform the system which future retired.
James I think I think almost everybody would agree with that now -- -- your reaction to the second statistic.
One point eight million people no longer up unemployed.
But one point eight million people now considered disabled.
That is astonishing statistic.
And speaks to the explosion.
Of disability benefits within the Social Security system -- back to -- -- sustainable.
Absolutely unsustainable and look.
The factor has back when it started again.
You know there was such a easy agreed to pay benefits out I would like to call to your attention one person who retired schoolteacher.
From Vermont.
Ida -- -- She was the first recipient of the first Social Security check she got more out.
Of our very first checked and she ever -- -- the problem why she'd gotten as someone put it.
She did not conveniently died around 65 like the actuarial tables and we seniors were supposed to do.
-- you have to be a hundred years old that's what put the strain on the system it's time that we got politics out of this.
Let's look toward people like doctor Jose panera down and -- he came forth with a plan about twenty years ago.
It's been adopted now by over three dozen countries around the -- South America Asia and Europe.
Even socially sweetie Sweden is -- and that we must.
Allow some investment into the -- do conservative mix.
And I'll start with bonds and stocks not stocks and bonds but -- conservative -- of those.
To allow a return on your investments.
He -- -- all right got to get a market.
Into the Social Security system.
Jens Martin thanks for being with -- absolutely Cummins is again we want to hear more about the long term reform of the system got to do it.
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