-- gives social security more money, makes social security last longer. so the social security report yesterday, if you really think about it, was much better than we thought it would be. i think, you know, the atlanta fed right now is expecting 4% plus for the next -- for the rest of the year, growth in gdp. if that happens, all these problems get a lot easier to solve. so again, i thank you for coming. i thank you for having me. and with that, i guess we'll move on next. we take questions or what do we do? [ applause ] >> thank you so much. i'd like to invite the panelists to come up and join us. >> yes, the button. good morning. hey, everybody. this is a great crowd. i love it. my name is lisa. i'm with the pbs news hour. i cover congress. i read a lot of very lengthy reports, often very late at night. during the day, usually every hour, we have a new breaking story. thank you for coming. i'm thrilled to be moderating what i think is a very important panel. in thinking about this event, i was actually thinking about the year 2002. that's 16 years ago.

and so -- >> and social security, is coming out of that. >> and social security. the government knows how much they are receiving. and so if they file -- they are required to file income taxes that's a lot different than a gypsy cab or a guy who is selling hot dogs out of a stand on 34th street, operating with cash, not receiving money through the internet from a big company. >> middletown, ohio is next. gary receives both medicare and social security. go ahead. >> yeah. i want to thank you for being here today. look, when you -- when the president adds $2.7 trillion on top of our already national debt that's not paying our way forward. look, if you don't have the top fortune 500 paying in and getting a tax papers back where they get a refund, and when you give the top five wealthiest 5% people tax breaks where they don't have to pay it in, yeah, i can see that they cover it through their company and they pay it out. but look i paid into the system for 45 years. and i had to beg, borrow and steal and the only ones that made out on my case, unfortunately, was the a

or if you are making $50000 a year that's nine weeks of social security payments that would pay for social security to make sure we have enhancements in place of her future generations into and beyond the 75 year requirement while still making the programs both on the disability side in the pension and survivor benefits all of them. it should be as it was in 1983, bipartisan effort. for 50 cents a week, if you are making $50000 per year, we can solve this problem. i would love to have the american people welcome that debate so we can arrive at a conclusion that i think is in the best interest of everyone. social security is neither democrat or republican, it is american. >> thank you. members are welcome to submit a statement for the record. before we move on to the testimony, reminder witness to please limit your oral statement to five minutes. however, without objection the written testimony will be made part of the hearing record. we have one witness. seated at the table is stephen goss, mr. goss, welcome back. please proceed with your testimony. >> thank you. it's a pleasure to be here

if we continue to have gdb up 2.4% which is what they are projecting out it makes social security money it takes a security last longer. social security report if you think about it was much better than we thought it would be and i think the atlanta battery now is expecting 4% plus for the next. severe growth in gdp. if that happens all these problems get a lot easier to solve. again, i thank you for coming and i thank you for having me and with that i guess we will move on to do we take questions or what do we do? [applause] >> thank you so much. i like to invite the panelist to come up and join us. good morning. it is a great crowd. i love it. my name is lisa and i'm with the pbs news hour had a cover congress and read a lot of very lengthy reports often at night. during the day every hour we have a new breaking story these days. thank you for coming. "to be moderating what i think is a very important panel and in thinking about this when i was thinking about the year 2002, 16 years ago. in 2002 of the biggest movies was lord of the rings, the two towers, which is my personal favorite

second, it ought to modernize social security to reflect today's workers and families. third, it ought to reward hard work. and fourth, it should protect the most vulnerable. and finally, it should improve retirement security. and with those things in mind, i think we can fix it. it's up to the congress to make tough choices needed to ensure that social security is here for our children and our grandchildren. just like it is for seniors and individuals with disabilities today. the american people expect and deserve nothing less. thank you to our witness for your system and thank you also to our members for being here. with that, the subcommittee stands adjourned. >>> japanese prime minister shinzo abe is here in d.c. for meetings at the white house. he and president trump will hold a joint news conference this afternoon scheduled for 2:00 p.m. eastern. we'll have it live on c-span3. right after that, we'll go to the house foreign affairs committee for a hearing on u.s. investments in latin america and the future of trade between north and south america. >> c-span, where

it ought to modernize social security to reflect the days workers and family. it ought to reward hard work and it should protect the most formidable, and finally it should improve retirement security. with those things in mind, i think we can fix it. it's up to congress to make the tough choices to make sure social security is here in the future just like it is for seniors and those with disabilities today. the american people expect and deserve nothing less. take a tour witness, thank you turn members are being here. with that, the subcommittee stands adjourned. >> found one. [inaudible conversation] [inaudible conversation] [inaudible conversation] [inaudible conversation] [inaudible conversation] [inaudible conversation] [inaudible conversation] [inaudible conversation] [inaudible conversation] [inaudible conversation] [inaudible conversation] [inaudible conversation] >> we discussed the physical health of the social security and medicare trust fund with two former trustees. this program

as somehow they will fix social security? politically copy -- difficult issue. this is one of the easier issues to solve. every presidential candidate says social. every presidential candidate wants to get elected. i think the president knows it is not fine. i think barack obama knows it is not fine. i was offered obama did not offer more solutions. i suspect he is going to participate in trying to fix us in -- social security but i think it will be two years from now. , i was actually pleasantly surprised. it was actually better than i thought it was going to be. the only thing that changed is that we were one year closer. what did change is a disability. the economy is outperforming their projections. economyw, if the outperforms, sisters. lives longer. outperforms, they go back to work. then, social security lives longer. thatdministration projects our economy will grow over the next figures. when i first got to congress, they were thinking it was going to be 2.9% over the next 10 years. next year, they lowered it to 2.5, the following, 2.2. they can't going u

when we talk about social security reform think about retirement security at large. and to look at retirement security better. >> i agree with a lot of that. we need to keep in mind that for almost every american social security is the base of that. no matter what happens, you lose your job, you get hit by a car, your savings gets wiped out, social security is there. people hope to rely on other things but that doesn't always pan out. social security does protect people when their moving jobs. we have to talk about it comprehensively. >> it is a fundamental lake and it structured to help you outlive your savings. there's talk about upcoming retirement crisis. in many ways they overstate the problem because they don't fully take into account savings that has gone on. as a get better month numbers will see there's not as much urgency. one thing we have lost is the culture of savings. it changed a lot but we had credit cards and that replace the credit. savings for big outlays is a piece of all of this. i like savings mandate. i'm fine with means testing but i know mand

i think were not in as good of a fist trend fiscal position. >> you look at the future of social security and medicare, a new york times story said the administration's economic tax cuts will generate the long-term growth needed to secure these programs, do you agree? >> no. i'm under the consensus of my profession and saying that the boost that we were going to get is relatively short-term, that is because in large measure we are accumulating debt at a high rate. that debt will raise interest rates and depress economic growth. unlikely the administration's hopes with respect to the tax cut into regulation will have the dynamic affect they would like to see. if, social security and would be markedly improved i think very few people want to make that bet. . . problems to roll the dice on. point 5 million people receive retirement or disability benefits through social security. 58.4 million receive medicare. aboutrograms account for 40% of all federal spending. we are talking about the future of those programs this morning for our last 40 minutes this morning on the washington journal. you

the financial outlook for social security. projected revenue and projected spending et cetera over the next 75 years. but two numbers that are relevant and the first is that today is the 74th anniversary of d-day when americans stormed the beaches of normandy. and i think that is something we should keep in mind today. and it's the 50th anniversary of the assassination of robert kennedy. both of these events bring to mind the sacrifices that americans have made for our country and the common good. and it's important to remember that social security is a program that is embedded in american culture. it's about far more than numbers. not simply -- social security is not about the finances or how it impacts the federal budget or beneficiaries make ends meet. it helps families protect themselves against impofferment whether disability or inability to work or death of a bread winner. it units by strengthening the common wheel and all of us pay into. it's a shared system and it strengthens american civil society. that said, social s

that said, social security does face financial challenges, and it's important that we talk about those. that's why we're all here today. the national academy of social insurance is a place where people from the left, right, and center can come together to talk about our social insurance programs in a civil discourse, and also to -- and social security is probably the most important of those programs. so with that, i'd like to introduce our speakers, steve goss, steve acuary of the social security administration. karen glen, deputy chief actuary of the social security administration. henry aaron, bruce and virginia mccoy, senior fellow with the brookings institution. and doug holtz eekin, president of the american action forum. their bios are in the packets. so if you want more information on our speakers, please look there. with that i'd like to introduce steve to begin talking about the program's finances. >> great. thank you very much, ben. and karen and i are going to do as we described, sort of a tag team run you through some of the material. we have a number of slides. ben will ye

we just had a report from the social security report, excuse me, and it said, look, social security disability is going to go bankrupt in 2032 question leave it as is and the trust fund itself will go bankrupt in either 2033 or 2034. when that happens and i don't think it will happen, i think we will act politically to stop it from happening because i agree with my friend, it's an important program that i would want to preserve but if we did happen we would have 30% cut across the board. the longer we wait to deal with the problem the meficu it is. again, this amendment unfortunately neither acknowledges the financial weaknesses nor offers any solution to actually confront the problem. so i think we are better off honestly with what's in the budget itself but i do agree with my friend about how important this is and i am worried that we've not acted. i would refer everybody on this committee to an article brilliant piece actually written last week in washington post by distinguished economists robert samuelson and the title of this, this ought to strike on both sides of the aisle, the act, i w

from treasury secretary mnuchin on the future of social security and medicare. york times story saying the instructions economic agenda will generate the long-term growth needed to help secure these programs. the you agree? >> no i don't. i am with the consensus of my profession in saying that the boost we are going to get is relatively short term. and that's because in large measure we are a cumulative debt at a very high rate. that debt will reduce investment . it will raise interest rates and it will depress economic growth. so over the longer run it is unlikely that the administration's hopes with respect to the tax cut and the deregulation are going to have the dynamic effects that they would like to see. if for some reason they came to pass the situation in medicare and social security would be markedly improved. but i think very few people want to make that bet. this is way too important set of problems to roll the dice on. point 5 million people receive retirement or disability benefits through social security. 58.4 million receive medicare. aboutrograms

next, the social security administrations chief actuary discusses the future of social security fiscal solvency. the national academy of social insurance posted this event. >> i think were ready to get started. on behalf of the national academy of social insurance of board of directors, whom we have two representatives who will be introduced to you momentarily, the extraordinary dedicated staff of the academy, many of whom are here, and members of the lifeblood economy, i like to welcome all of you to this annual briefing we conduct with a key group of panelists on social security finances. i'm the chief executive of the academy. i just came back, along with josh, from arlington cemetery, where today we commemorated the 50th anniversary of the end of robert kennedy campaign. knowing the age group in this room, how many of you have heard of robert f kennedy? i feel much better. i asked the interns that, and you get all these like who? i work for them as you know. i was on his senate staff, and you might say today as you might expect a very, very difficult day. yet very uplifting. what d

we just had a report from the social security and is said social security disability will go bankrupt in 2032 if we lose leave it as is. the trust fund will go bankrupt and 2030. i think it's in port program that i want to preserve, if it did happen we would have a 30% cut across the board. the longer we wait to deal with that the more difficult it is. this amendment neither acknowledges the financial weaknesses nor offers a solution to confront the problem. we are better off with what's in the budget itself. i agree with my friend with how important this is. i'm worried we have not acted. i referred this committee to a a brilliant piece written last week in the washington post by robert samuelson, the cowardice of the political past. it talked about social security and unwillingness to confront. also met the article to the record if i may. it's a said democrats have a disproportionate responsibility for the stillman because it's a signature program. they have accused anyone who suggests benefit productions of being cruel, caring and immoral. republicans find debate on this unattracti

. >> now, a look at the social security system and fiscal solvency. this is 1.5 hours. >> ok, i think we're ready to get started. on behalf of the national academy of social insurances board of directors, we have two representatives who will be introduced to you. the extraordinarily dedicated staff of the academy, many of whom are here, and our members who are the life blood of the academy, i'd like to welcome all of you to this annual briefing that we conduct with a key group of panelists on social security's finances. i'm bill arno, i'm the chief executive of the academy. i just came back, along with josh gotbalm from arlington cemetery, where today we commemorated the 50th anniversary of the end of robert kennedy's campaign. knowing the age group in this room, how many of you have heard of robert f. kennedy? oh, i feel much better. i asked the interns that and i get all these, like, who? i worked for him, as you may know. i was on his senate staff when i was the age of an intern. and you might say, today was as you might expect, a very difficult day

years that's still not enough to take care that the tax revenues would be raised from that the social security or rather the so security input would go through just that's still not enough to take care the problem is that. economic growth is totally separate from the trust fund which is funded by these but they were if you're working that work tribute right so the in the trustees predict you know if fancy actuary tables and stuff like that they already take that stuff to and into account so action is needed but it's not as dire as people say it is what's your prediction for what's going to be done anything in the near future and if not what in the longer term. i mean optimistically ninety percent of the democratic caucus in both the house and senate support expanding the program and they do that by getting rid of the cap like i said raising taxes a small amount. and increasing benefits for people at the lower end of the wage scale so i think that that's been shifted from democrats used to have a consensus on cuts so that's what i think is the way forward well we'll hope that they come with som

social security is not that hard. david: asking the private sector for mistakes made in the public sector. medicare, 700 billion-dollar program, part of the whole retirement system the government has involved this, 10% of that, that is an easy estimate, 10% of that is fraud and waste. that is $70 billion a year. can we do something about that? >> the medicare system is much harder to fix than social security, because health care costs continue to spiral. i mean paul ryan is the only one i know of who has come up with a mechanism to actually fix medicare. and that is, premium support. let private insurance companies bid to provide medicare coverage. if you don't get control of health insurance costs, medicare is going to be much more difficult problem to solve. david: of course you try to get the private sector in. you know you will hear screams you're trying to kill medicare, frankly it is dying on its own. >> there are people up here who believe the government is the best solution to everything. i believe smaller gov

years that's still not enough to take care that the tax revenues would be raised from that the social security or rather the so security input would go through just that's still not enough to take care the problem is that. economic growth is totally separate from the trust fund which is funded by these but they were if you're working that work tribute right so the in the trustees predict you know if fancy actuary tables and stuff like that they already take that stuff to and into account so action is needed but it's not as dire as people say it is what's your prediction for what's going to be done anything in the near future and if not what in the longer term. i mean optimistically ninety percent of the democratic caucus in both the house and senate support expanding the program and they do that by getting rid of the cap like i said raising taxes a small amount. and increasing benefits for people at the lower end of the wage scale so i think that's been shifted from democrats used to have a consensus on cuts so that's what i think is the way forward well we'll hope that they come with some con

we need to fix social security and medicare. i don't get bogged down into the political campaigns because that's what they want to do. they want to say, we want to destroy social security, we as republicans want to destroy medicare. that's the furthest thing from the truth. we want to fix these so they're there long-term. what i saw in the trustees' report is whright. we're going to put millions of americans in harm's way. they've paid for that. they've contributed to it. what i think will be proven different than what the actuarials are doing in the trustees' report, when you start seeing that economic growth, when you see 3%, 4% growth in america that everyone told us is impossible, that 2% growth is the maximum we're going to be able to see, growth is going to overcome a lot of these problems in these trustee reports, but we still fundamentally have to fix social security and medicare for the long-term. >> ron is watching in california, a republican. hi, ron. question or comment here for the congressman? >> caller: yes, greta

they attack us for work go to save medicare and social security. programs that by any reasonable estimation are projected to go insolvent by 2026 and 2030 if we take no action. yet they say no action is needed. they propose no solutions. we cannot let that happen. truly leaders don't let that happen. and we must make the responsible choice now. now, we are witnessing a booming economy with all-time low unemployment rates which was made possible, in part, by the work of the budget committee last year. not a single democrat voted for tax reform. not only in this committee, but in the house of representatives. and even in the wake of this great success that we are seeing the results and russiaeturns on after day, the liberals are trying to undue the tax cuts that have helped so many american families today. mr. chairman, i know trying to balance the budget with the current fiscal situation seems nearly impossible task. but, mr. chairman, as you are pointing out here and work of the republicans on this committee are doing, it is not an impossible task.

medicare and gave part of it to the california unions and wasted a lot of our medicare and our social security money and got away with it and used it as seed money for obama care. same thing federal government gave seed money to massachusetts to start their socialized medicine. you guys just want to put socialized medicine in without the effects of how it affects us as seniors. >> rose, i have to leave it there. congressman? >> thank you, rose, for your question. it is actually factually not correct that obama did that and keep in mind, he was operating dealing with a republican-controlled congress for the last six years of office. and in terms of what you say socialized medicine, under the affordable care act, we're talking about private insurers and talking about people who can't afford to get healthcare get access to healthcare but it is private insurers who are providing that care. it is not socialized medicine. i served in the military. my healthcare came from the military. the affordable care act is a system that works with private insurers. >> congressman, thank you, sir for the convers

he was speaking earlier about fixing social security and medicare. there's really only one fix for it -- to go ahead and replace the stolen trust fund money. what was it, $2 trillion or $3 trillion, taken by these politicians and spent elsewhere? a would be able to get paid decent social security check instead of the measly few dollars they give you now. if that happened in the public sector were $2 trillion or $3 trillion was taken from a trust fund, we would all be up on a rico act and put in prison. host: let's get a response. guest: i agree with you. at the end of the day, what you have to recognize is -- and this is where the $2 trillion or was trillion dollars borrowed from the funds and they did not put up enough obligations were they do not have to pay it back is completely wrong. what you are referring to is money where they were sitting with a tremendous amount -- of a surplus where they had cash on hand. where are you going to put your money to invest in it? the overwhelming answer by anybody in the financial world was say you invest in th

if you really want to save social security, you can do one of two things, you can raise the social security applicable to more people at higher income level or you can extend the retirement age, you have to do one or the two or both, that's the way, isn't it? >> that's probably going to happen now since we basically borrowed all of the surplus and they are going to probably lower benefits in the future, raise taxes for younger people which is not fair and they'll probably raise retirement age for younger workers. so young people in america are getting shafted unfortunately they've been voting for the people who have supported these policies for years. hopefully we can change that. stuart: i doubt it, sir, i doubt it. demagogued to death, you want to raise tax on young people to pay for social security and make them retire later, it's a third rail, it really is. jim, thanks for telling us how it is and we do appreciate that. jim. see you again, soon. where are we now, not quite the high of the day but pretty close, 26 of the dow 30, the dow is up 115 points. big headline from tesla sharehold

hey, i'm curious about your social security alerts. oh! just sign up online and we'll alert you if we find your social security number on any one of thousands of risky sites. that sounds super helpful. how much is it? well, if you have a discover card, it's free. no way! yes way! we just think it's important for you to be in the know. all right! hey... ewww! everything ok? being in the know is very good. yeah, it is.

a bipartisan way for solutions to address our fiscal situation, they demand like medicare and social security and the affordable care act that millions of hard-working americans rely on for healthcare and retirement security and today i was especially disappointed to see this budget as a statement of values ignores immigration reform or the cruel games this administration is playing with family separation over the past six weeks over 2000 children have been forcibly separated from their families by agents and as a parent i cannot imagine anything more horrifying than my children being taken from me and not knowing where they are were who is taking care of them. . . . . by funding a costly and ineffective border wall and overly aggressive immigration enforcement practices. it fails to implement reform or reinstate the program. those eligible for or enrolled tcontribute $1.8 billion annualy to states and localities. economists say reform could reduce the deficit by $900 billion, increase productivity and grow the economy by 5.4%. i hope we can address these and put forward a budget that reflect

in terms of social security and medicare, i agree with you. only should we not cut those two critical programs, but we need to expand and also make the funding much better for social security and medicare. social security does work differently. it is primarily paid for by payroll taxes. in terms of what we have already done with this republican tax law that went into effect, it is putting great pressure on to now cut social security and medicare because the revenues coming in are not going to pay for those tax cuts of which 83% go to the top 1%. that is what we are trying to fight for to make sure we don't have this massive deficit and debt and to not have that pressure causes to programs to go under. that is why i oppose that republican tax law and hopefully we can fix it so we don't put pressure to cut social security and medicare. host: we will go to jack in providence, rhode island, democrat. caller: hello? can you hear me? host: you are on the air. caller: ok, i would like to take issue with commerce and ted lieu -- congressman lieu on th

solutions to address our fiscal situation, they demand steep cuts to programs like medicare, social security, and the affordable care act that millions of hard-working americans rely on for health care and retirement security. today i'm especially disappointed to see that this budget, a statement of values, ignores immigration reform, ignores daca solution, ignores the cruel games this administration is playing with family separation. over the past six weeks, over 2,000 children have been forcibly separated from their families by dhs agents. as a parent, i can't imagine anything more horrifying than my children being taken from me and not knowing where they are or who is taking care of them. we need protections from inhumane practices like this so that they're not left up to the whims of the administration. separating babies from their mothers has nothing to do with protecting our national security. it is about intimidation and fear, make no mistake about it. it is about keeping asylum-seekers from legally seeking asylum and refuge in the united states. i emigrated to this nation when i was

as for social security, that hasn't changed.s running out in 16 years, with taxes covering only 3/4 of social security recipients in the next 75 years. that leaves one in four in jeopardy. what to do about this? that's where washington seems to be stuck. and we're talking 6 million recipients so far. frances? >> all right, tracie, thank you very much. >>> we've been tracking the volcano disaster on hawaii's big island for over a month now, and it's only growing worse. lava from the kilauea volcano has destroyed hundreds more homes, parking lotting the largest destruction since the eruption began last month. that is on top of the 117 homes that have alreadyeen conrmed as destroyed. nbc's dan schenamen has the late. >> reporter: the kilauea volcano on hawaii's big island is still rumbling. lava has reached the water and filled kapaho bay. early tuesday, lava wiped out two ocean front communities. officials believe hundreds ohom. authority says no one was hurt because residents listened to warnings and left their homes. however, th

. >> what happened >> social security benefits are the majority of that social security you're goingo get more out as you're delaying taking those benefits. >> no way around that. that's just the way it happens. >> that's a big, big chunk of it. >> i didn't even anticipate that so you hear about that, are there any draw backs to potentially looking longer or is it always a good thing >> the draw back is you're likely to have a shorter amount of time to do the fun things that you want to do. >> less time to spend the money that you want to spend. >> the benefit is that you're being able to make more country pugss -- contributions to the retirement account and some people decide they want a steady stream of income and take out an annuity and that's a shorter period of time so it's going to be cheaper for you to get that annuity but the biggest factor they found in this report is that you'll get a higher social security benefit when you retire if you work longer. >> that's such a hard note to swallow. >> it is because some people just don't want to to it but more importantly some people

i wouldn't write off social security quite so soon. i don't thini don't think the nl policy of the united states of america, i believe that policy precludes a significant reduction in social security. and to me it's kind of sad that we could fix wit such tiny little changes, change the retirement age a little bit, make the social security minimum wage deduction wage based deduction a little higher and all of the suds it would be fixed. maria: our thanks to jack bogle for joining us. don't go anywhere. more "wall street" after this. now introducing aleve back and muscle pain. maria: welcome bang. now let's take a look at the big market events coming up in the week ahead that could impact your wallet. it's a huge week ahead. monday we get earnings from david' busters and kmg chemicals. on tuesday, the first day of the two-day fnoc meeting begins. we'll get the latest federa fedl reserve comments about the economy. and we're expecting the fed to raise interest rates in the coming week ahead. we'll get earnings from h and r block, lands en

i wouldn't write off social security quite so soon. think the nl policy of the united states of america, i believe that policy precludes a significant reduction in social security. and to me it's kind of sad that we could fix wit such tiny little changes, change the retirement age a little bit, make the social security minimum wage deduction wage based deduction a little higher and all of the suds it would be fixed. maria: our thanks to jack bogle for joining us. it's easy to think that all money managers are pretty much the same. but while some push high commission investment products, fisher investments avoids them. some advisers have hidden and layered fees. fisher investments never does. and while some advisers are happy to earn commissions from you whether you do well or not, fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. now let's take a look at the big market events coming up in th

i wouldn't write off social security quite so soon.on't think the nl policy of the united states of america, i believe that policy precludes a significant reduction in social security. and to me it's kind of sad that we could fix wit such tiny little changes, change the retirement age a little bit, make the social security minimum wage deduction wage based deduction a little higher and all of the suds it would be fixed. maria: our thanks to jack bogle maria: our thanks to jack bogle for joining us. jardiance asked: when it comes to managing your type 2 diabetes, what matters to you? you got a1c, heart, diet, and exercise. slide 'em up or slide 'em down. so let's see. for most of you, it's lower a1c. but only a few of you are thinking about your heart. fact is, even though it helps to manage a1c, type 2 diabetes still increases your risk of a fatal heart attack or stroke. jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit for adults who have type 2 diabetes and heart disease, significantly reducing the r

i wouldn't write off social security quite so soon.hini don't think the nl policy of the united states of america, i believe that policy precludes a significant reduction in social security. and to me it's kind of sad that we could fix wit such tiny little changes, change the retirement age a little bit, make the social security minimum wage deduction wage based deduction a little higher and all of the suds it would be fixed. maria: our thanks to jack bogle maria: our thanks to jack bogle for joining us. ♪music time and time again, you know when i'm doing street magic..i'll walk up to someone and i can just see they're against me right? they don't want to be amazed. they don't want this experience to happen. but then the magic happens. ♪can we be there? and all of that falls away. ♪oh, just think of the time ♪i know that some will say come on man! ♪it matters a little babe. stunned. i believe in magic. it's the experience of waking up and seeing things the way you saw them before they became ordinary. ♪i needed to try (amazement & laug

i wouldn't write off social security quite so soon. i don't thini don't think the nl policy of the united states of america, i believe that policy precludes a significant reduction in social security. and to me it's kind of sad that we could fix wit such tiny little changes, change the retirement age a little bit, make the social security minimum wage deduction wage based deduction a little higher and all of the suds it would be fixed. maria: our thanks to jack bogle for joining us. mom? dad? hi! i had a very minor fender bender tonight in an unreasonably narrow fast food drive thru lane. but what a powerful life lesson. and don't worry i have everything handled. i already spoke to our allstate agent, and i know that we have accident forgiveness. which is so smart on your guy's part. like fact that they'll just... forgive you... four weeks without the car. okay, yup. good night. with accident forgiveness your rates won't go up just because of an accident. switching to allstate is worth it. stay at la quinta. where we're changing with s

let's start with social security, because a lot of folksuire social security to live on going forward, the combined social security fund will run out of money in 2034. if you break them up the disability insurance fund will be out of money in032. that is four years earlier, later than projected by last year's report. now some people, administration officials say, that is because improved outlookre fewer people are applying for disability in 2017. and the awards that they're getting or money that they need is fewer. now the second fund, old age and survivor insurance will be depleted in 2034. that is one year earlier than before. administration officials say because of tax cuts that went into effect in the trustees report also found for the first time since 1982, the amount of mon coming into social security is less than the amount of money they are paying out of social security. and that starts from now going forward. now all of these social security numbers are important because of this survey,t bankrate.com just put out. that survey shows 61% of the americans don't even know how muc

i wouldn't write off social security quite so soon.'t thini don't think the nl policy of the united states of america, i believe that policy precludes a significant reduction in social security. and to me it's kind of sad that we could fix wit such tiny little changes, change the retirement age a little bit, make the social security minimum wage deduction wage based deduction a little higher and all of the suds it would be fixed. maria: our thanks to jack bogle for joining us. it took guts to start my business. but as it grew bigger and bigger, it took a whole lot more. that's why i switched to the spark cash card from capital one. with it, i earn unlimited 2% cash back on everything i buy. everything. and that 2% cash back adds up to thousands of dollars each year... so i can keep growing my business in big leaps! what's in your wallet? with expedia, you can book a flight, hotel, car, and activity... all in one place. ♪ everything you need to go. ♪ expedia® ♪ if you spit blood you may have gum problems,s and could be on the journey to

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discover social security alerts. heartburn and gas? ♪ now fight both fast new tums chewy bites with gas relief all in one relief of heartburn and gas ♪ ♪ tum tum tum tums new tums chewy bites with gas relief >>> she says it's horrible because they didn't even let them say a few words of good-bye. >>> president trump says he will announce his pick to replace retiring supreme court justice anthony kennedy on july 9. all eyes on that very date on the calendar. on air force one friday, the president said he's narrowed the short list now to about five people. including two women. >> have you spoken to any of our top five candidates yet? >> no. i start that process on monday. we haven't -- no. we haven't set up for monday. i may have two of them come like the old days. >> the old days. nbc's white house correspondent kelly o'donnell traveling with the president. see was there in the old days, and is following the president. any sightings, my friend? >> reporter: not yet. you and i did a lot of hours in those old days when the president was m