i was challenged on that bike henry aaron. so i talked to former colleagues who are with the actuaries office. i got the projected age in numbers specifically. and he was right. i was wrong but my numbers were too low, not too high. we already are at 39 people aging in puryear and actually were not at 10,000 a day. that doesn't happen until 2019. but for the boomer generation, the average is 10,000 a day. what happens, and the reason that there's a a projected slowdown in the rate of growth of the aged population, is that the boomers are going to die, and the deaths will catch up and overtake the a jeans towards the middle of the century. and because of the increase in deaths, the actuaries, i believe, have that figured in. but i don't think anyone has really contemplated what having more than double the number of deaths per year in this country, by 2088, will affect hospital operations, the market for funerals, that sort of thing. in the 2020s, because of the increase in deaths, and assuming that one-third of deaths occur in

mays mantle and henry aaron were larger than life to us kids and for the most part they were are heroesfl or nba players... but that was then and now is now....in the time a manger walks to the mound..kids could have a couple rounds of a video game in the books as baseball continues to talk about attracting the younger demographic...i have always been on the side of quit going after people you are not going to get anyway... dont mess with the older crowd who love the sport......but... man... regular season baseball most times is slow moving. mom... who is a die hard warrior fan.... when asked if she was going to watch a little baseball tonight... told me the pace isnt for me.......my mom is 98......back next hour with giants and a's highlites. some drivers in the east bay area are looking for ways to avoid going over a speed bump...(vicki)2 shot people behind the wheel have tried it and a few have failed... but if you get caught it could end up costing you a lot of money .. speed bumpsnats:ambiance they are used to slow traffic down mostly in residential neighborhoods, or the new catch

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 yell at us if we're taking too much time. so let me just run through the first couple slides, karen will run through some. we'll go back and forth, to keep it interesting. because it's been said that some actuaries are not as about interesting. so tag team will be better. why are we here today because of social security, but in particular the date of yesterday the annual trustees report came out? every year, starting 1941, there's always been one. why are we doing it? because the congress demands it. we do what they say. it's required that every near an annual trustee

henry aaron suggested looking at the estate tax, bringing that into some sort of revenue. so i think when we think about reform, we do need to think politically about what sources of revenue we can get and what else we can do. there are some members who will remain nameless, but even more creatively, perhaps we change it. instead of a payroll tax, one at a carbon tax or a value-added tax? right now there are disincentives to working when it comes to social security payroll tax. it makes labor more expensive. if we got rid of the payroll tax, now labor is less expensive. people want to work. do tax consumption or carbon to fund social security. that is another idea. i am not endorsing it, but we should be talking about it. >> do you think there is any potential backing to that? >> again, the point is we need to have a discussion about -- if you raised the payroll tax rate, i have now made labor more expensive for an employer and also made it less attractive to someone who wants to work. >> but we're also making old age more expensive for the federal government if we don't d

henry aaron suggested looking at the estate tax, bringing that into some sort of revenue. so we do need to think holistically about what sources of revenue we can get. there are some members who will be name ll bless but think perh instead of a payroll tax, why not a carbon tax or value added tax. right now there are disincentives to working when it comes to social security payroll tax. it makes labor more expensive. if we got rid of it, labor is less expensive and your tax consumption or carbon to fund social security. that is another idea. >> do you think there is any potential vacuum to that? >> again, the point is we need to have a discussion about -- what you if you raise the payroll tax rate, i've now made will i be more expensive for an employer and also made it less attractive to someone who wants to work. >> but we're also making old age more expensive if we don't do that 37. >> but that is on the outgo side. you're talking about revenue. so if i change the revenue source from payroll to a value added tax or carbon tax, i get a broader base, more revenue and i get

henry aaron, senior fellow at the brookings institution. kilolo kijakazi, urban institute, and doug holtz eakin president of the american action forum. their therefore bios are in the packets so please do if you want more information on her speakers please look there. with that i like to introduce steve to talk about the programs finances. >> great. thank you very much, ben. karen and i would do a tagteam through some of the two. we have a number of slides and ben promised he will yell at us if for taking too much time because we don't want to keep you from all the eloquence of the rest of our folks. let me run through the first couple of slides. we will go back and forth so that it would keep interesting because some actuaries are not as interesting so if we tagteam it will be better. first of all, why are we here today? because social security but in particular the date of yesterday, daniel trustee's report came out. every single year starting 1941 there's always been one. why? congress demanded. we do what they say. it's required that ev

henry. >>> come on kids, let's destroy more stereotypes. even though mobile isn't a major city. i'm far from its most accomplished person. there are five baseball hall of famers including the home running king, hanke aaroni said it barry. . it was important to for me to talk about mobile when i wrote my book. which meant talking about my dad, walter bell. when it came out there was a bill article in the local paper. and this being a small town while we were shooting the reporter who interviewed us happened to be walking by. >> jb. jared b.b. boyd. >> it's not a plan i just happened to be walking around. >> this is why we are here right now. >> what was it like to interview my dad. >> for me, inspiring to see a black man in this area seemed to have achieved that much. he was like how you described him in the book, stern, serious, seemed disappointed when he saw me pull up. >> that sounds like my dad. >> i was an entertainment reporter. i was dressed down. i went looking. >> i should have told you put on the hard bottoms and button down. >> he was very candid and that made the best parts of the story. we know you. >> all right, yeah. everybody in alabama knows me. >> you mentioned sweet things. he mention