Mr. Chairman, some witnesses may tell you today that the problem is but a small one, requiring a minor adjustment to the benefits paid here, on the taxes levied there. We cannot save Social Security with some makeshift fixes in an effort to get us beyond the baby boom retirements. Further, the Population Division projects that the world's population may be decreasing by the end of the 21st century. The significance of this demographic information about the world and the United States, it seems to me, is that we must make a choice and make it soon. Either we can make it possible for people to fund their retirement income during their working years, or we can anticipate a ruinous intergenerational conflict that will balkanize America and limit opportunity for everyone.
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