ANDY JACOBS, Former Representative (D-IN):

In 1983, we did the Social Security bailout. We said everybody is going to have to give a little; workers are going to pay a little more, recipients are going to have to get a little less, and we said, "while we're at it, let's even tax a little bit more than that and build up a surplus to meet the baby boomers when they retire." That is what that was all about.

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