Many seniors understand that Social Security is social insurance as opposed to a program where we put money aside for our own retirement. But most elderly individuals think they're getting their money back. So it isn't selfishness as much as a misunderstanding.
Richard LammTo me, the failure of liberalism - the tradition I come from - was not recognizing there has to be justice across the generations.
Richard LammWe have been maintaining a standard of living by putting things on the debt of the next generation.
Richard LammI think that retiring the baby boomers is going to be one of the great challenges in America, that you cannot make fiscal sense out of the future of our children without taking on entitlements.
Richard LammChristmas is the time when kids tell Santa what they want and adults pay for it. Deficits are when adults tell government what they want and their kids pay for it.
Richard LammThe biggest challenge of public policy is to know when and how the world has changed. We are no longer an empty continent with endless absorptive capacity. We have a cash-wage economy that is having terrible problems finding jobs for its own people. The concern about immigration is not nativism but common sense.
Richard Lamm