TEXAS STRAIGHT TALK - A WEEKLY COLUMN
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November 13, 2006: Demographic Reality and the Entitlement State
David Walker, Comptroller General at
GAO, has been on a speaking tour of the U.S. recently-- and he pulls no punches
when explaining just how precarious our nation's entitlement system really is. He explains that Social Security and
Medicare are headed for a train wreck because of demographic trends and rising
health care costs. The number of younger taxpayers for each older retiree will
continue to decline. The demand for "free" prescription drugs under
Medicare will explode. If present trends continue, by 2040 the entire federal
budget will be consumed by Social Security and Medicare. The only options for
balancing the budget would be cutting total federal spending by about 60%, or
doubling federal taxes.
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SPEECHES AND STATEMENTS
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September 7, 2006: Big-Government Solutions Don't Work/ The Law of Opposites
Not too long ago, I spoke on this floor about why I believe Americans are so
angry in spite of rosy government economic reports.
The majority of Americans are angry, disgusted, and frustrated that so
little is being done in Congress to solve their problems.
The fact is a majority of American citizens expect the federal government
to provide for every need, without considering whether government causes many
economic problems in the first place. This
certainly is an incentive for politicians to embrace the role of omnipotent
problem solvers, since nobody asks first whether they, the politicians
themselves, are at fault.
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PRESS RELEASES
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October 18, 2006: Paul Urges Social Security Fairness for Texas Teachers
“I strongly oppose the current laws that restrict the ability of citizens and their
spouses to collect full Social Security benefits just because they worked as
teachers, government employees, or railroad employees,” Paul stated.
“Furthermore, a retired public employee should not have surviving
spouse benefits reduced simply because the surviving spouse was a government
employee. Therefore, I fully support repealing the so-called ‘windfall
elimination’ provision and the government pension offset. Congress needs to
act this year to end this injustice.”
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WATCH CONGRESSMAN PAUL ONLINE
New! June 29, 2006:
Why Are Americans So Angry?
(**with North Carolina Congressman Walter Jones**)
Windows Media Required
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Washington, DC 20515
Phone Number: (202) 225-2831
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Lake Jackson, Texas:
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Lake Jackson, TX 77566
Phone Number: (979) 285-0231
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