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"We have one of the most predictable economic crises in this country coming. It's a debt-driven crisis. And so we have an obligation -- not just a legal obligation but a moral obligation -- to do something about it," Ryan, a Wisconsin Republican, said Thursday morning. GOP leaders "think the key components are to get spending under control, reform our entitlement programs" and help stimulate economic growth.
He's making the appeal he made before in his video (second video posted below) -- What if Congress knew about the coming financial meltdown of 2008 for ten or fifteen or twenty or thirty years, and took no action to stop it?
Well, that's what the entitlement crisis is. They've known, conclusively, about this approaching problem since at least the mid-80s. They pegged the crisis to the year. We know exactly what happens when the massive cohort of Baby Boomers begins drawing on monies that don't exist.