O. Henry Extensive Quotations

Medicare is projected to run out of money in 2001. That date of fiscal insolvency can be put off for several years by relatively incremental and modest changes, but when the baby boomers start retiring, ... At that point, costs go up very rapidly, and more extensive action will be necessary.

We are focused on doing what is right for the taxpayer. While many of the issues in the report are in the process of repair, I think it is clear that the elephant in the corner, the legacy of that era, is the extensive retained portfolio which ... in our judgment is something that presents systemic risks.