“What Congresswoman Bachmann is talking about, plain and simple, is bringing an end to Social Security and Medicare,” Clark said in a statement. “Michele Bachmann has decided to yank the proverbial retirement rug out from under her constituents – just when it’s needed the most.”
Bachmann’s full statement to the Constitutional Coalition:
BACHMANN: Is the country too big to fail? No, the country can fail. We can, we’re not invincible. And we’re so close now to being at that point because the thing is, as Glenn Beck said last night, it is true. The $107 trillion that he put on the board. We’re $14 trillion in debt, but that doesn’t include the unfunded massive liabilities. That’s $107 trillion, and that’s for Social Security and Medicare and all the rest. You add up all those unfunded net liabilities, and all the traps that could go wrong we’re on the hook for, and what it means is what we have to do is a reorganization of all of that, Social Security and all. We have to do it simply because we can’t let the contract remain as they are because the older people are going to lose. So, what you have to do, is keep faith with the people that are already in the system, that don’t have any other options, we have to keep faith with them. But basically what we have to do is wean everybody else off. And wean everybody off because we have to take those unfunded net liabilities off our bank sheet, we can’t do it. So we just have to be straight with people. So basically, whoever our nominee is, is going to have to have a Glenn Beck chalkboard and explain to everybody this is the way it is.
(photo credit, bachman-clown hebiclens@yahoo.com wmxdesign)
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