It's not the 1990s. Nope. And it's really uncomfortable to say this, but once again, let's, you know, play with kerosene and matches. Let's tell the truth. The driver of the debt right now is our demographics. Those of us who are baby boomers, we're moving into our earned benefits. We have a societal contract. You know, here's your healthcare, here's your benefits. And we never set aside the money, both the money for it, but also we weren't prepared as a society to have where our birth rates started to roll over in 1990. (14:30–14:39)
CLAIM
Asserts that demographic changes, particularly baby boomers entering retirement, are driving national debt.
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