I'm Going to Be Honest With the American People

Rick Perry, USA Today
As I said at the Reagan Library recently, Social Security benefits for current recipients and those nearing retirement must be protected. For younger workers, we must consider reforms to make Social Security financially viable.These are the hard facts: Social Security's unfunded liability is calculated in the trillions of dollars. Last year, annual Social Security outlays exceeded annual revenues for the first time since 1983. The Congressional Budget Office projects that outlays will be roughly 5% greater than revenues over the next five years, worsening as more and more Baby Boomers...

Source: http://www.realclearpolitics.com/2011/09/12/i039m_going_to_be_honest_with_the_american_people_263286.html

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