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FDR’s Grandson James Roosevelt, Jr., on why Social Security should be excluded from negotiations over spending cuts.
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-- -- -- Drivers of the deficit.
And Social Security is not.
Currently driving the deficit Social Security is not -- one penny to the deficit senate to reason and others have spoken now that we're not going to touch.
Any of the entitlements I think we should take Social Security off the table for the current fiscal cliff and deficit discussion.
I get a gun on an on air about -- time today Democrats are full throttles -- any any entitlement -- out of course.
Includes Social Security its program created by James -- of the -- granddad.
Not -- Roosevelt always good having gives back.
Beyond Social Security that is I have wondered about this democratic -- -- we saw some cracks in that is we did and Republican cracks on taxes so you never know.
To not even have -- on the table or C it is necessary to address on the table.
-- it's got even where a guy like you doesn't.
-- it's good to be with you again.
-- yeah.
The Social Security bush.
Should not be part -- deficit.
And -- and tax discussion because Social Security.
Did not as was just -- -- did not contribute to the deficit it's entirely supported by the payroll taxes.
That workers and their employers pay.
Bill that you have seen -- that show that the direction we're going over doing we've we've.
We've we've we've moved its its its troubled it -- years now compared other programs that sounds we're -- call and that's actually pristine my only point is why not put it out there why not put out.
Medicare Medicaid why not put out all adds up everything look and -- Republicans defense and prevent and end it rather than pick.
-- -- Well whether it's defense Medicare Medicaid those are all supported out of out of general revenues so there have been there in a different category.
Social Security.
On the other hand.
Does need adjustments after 2033.
So -- benefits will be cut by about point 2%.
But it doesn't -- hasn't caused the deficit it shouldn't be part of solving it.
But I think what's -- trends -- do what you're saying is what you're not willing.
To be doing here that dead it because this but it's what do you from others by the way put that to 20/20 two -- Argue numbers at another point that that we are missing an opportunity to address the overall.
Rate of money coming in and money going out.
And if you -- -- Social Security alone and just do -- look at.
All these other entitlements all these other big spending and hear from so many prominent Democrats say.
The focus and the disproportionate weight it's gotta be on.
On taxes I'm not here to say.
Don't raise taxes on the rich -- the elections do have consequences.
And that's one of them I think the president made that a centerpiece of his election he got elected.
Think it's fair to say that's gonna happen I'm not some work but it's gonna happen.
But then to drive into that that you're not gonna balance that out with corresponding.
Even trimming in the rate of growth of spending in these areas worries it's got to -- -- I I think I actually don't think that there's any reasonable.
Participant on either side of the aisle who says you don't have to deal -- both expensive expenditures.
And with fact and -- the revenues.
But -- I -- know right now in revenues and that's about it is and mean a lot of great ways to come up with money.
Not a lot of great ways to save it.
Well we know we know that for things happened after President Clinton left office.
We had big tax cuts we had two wars and we have as you big expansion in Medicare.
We have really Soledad and I -- them.
We also had a recess was absolutely -- -- have and it's.
Started in the last year of -- administration I'm always saying it's not to -- versions of either party.
But to give a fair and balanced portrayal where we -- and where we are an obvious say.
-- -- both stars both parties both to -- well I know now wanna wondering is.
If it doesn't do us any good is Durbin did earlier this week to say look -- you Republicans are -- to talk about deficits.
He's right but here's where we are and now what I he's -- parties taking ages and what they want a company don't wanna cut and putting more emphasis on money in taxes are getting.
We're.
Well I think the president is right that we do have to have a balanced approach.
We had a really -- your balance.
Well I think we have a health care costs that and quality situation in this country.
That needs to be addressed even more than it is in obamacare.
We need to move more quickly into -- paying for value.
Two.
You eliminating duplication and waste.
James always great have a wonderful Christmas I don't talk to again.
You two aren't maybe we'll talk about the -- -- on the brink -- the cliff together on James -- a class act or a well now the.
