Politics
Former Utah Gov. Jon Huntsman at a bloggers briefing at the Heritage Foundation (TheDC Video) Former Utah Gov. Jon Huntsman at a bloggers briefing at the Heritage Foundation (TheDC Video)  

Huntsman predicts ‘shared sacrifice’ for Social Security reform [VIDEO]

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Nicholas Ballasy
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      Nicholas Ballasy

      Nicholas Ballasy is the Senior Video Reporter for The Daily Caller covering Congress and national politics. Ballasy has interviewed a wide range of political leaders and celebrities including former President Bill Clinton, Sen. John McCain, Sen. John Kerry, former Gov. Mitt Romney, former House Speakers Nancy Pelosi and Newt Gingrich, Kevin Spacey, Tom Hanks, Whoopi Goldberg, Richard Dreyfuss, Harrison Ford, Matt Damon, Joan Rivers, Gloria Estefan, Jon Stewart, Dave Matthews, Neil Munro, Stevie Wonder, etc. His work has been featured by CNN, Fox News, NBC, CBS, ABC, The Drudge Report, Washington Post and New York Times, among others.

Republican presidential candidate and former Utah Gov. Jon Huntsman said “there will be a shared sacrifice in this country” in terms of Social Security reform.

Watch:

“We’re going to have to take the underlying assumptions for inflation and we’re going to have to peg them more to real wage growth as opposed to the consumer price index, and I would say phase in to the higher income categories a little differently and I would say there will be a shared sacrifice. There will be a shared sacrifice in this country,” Huntsman said at The Heritage Foundation on Tuesday at a bloggers briefing.

“Maybe those who are at the top one, two, three percent wage earners in the country, maybe they don’t need it. Maybe there can be a shared sacrifice here. Somebody’s going to have to have that conversation.”

Social Security faces $16.1 trillion in unfunded liabilities over the next 75 years.

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