Glenn Hubbard, former Chair of the White House Economic Council of Advisers under President George W. Bush, discusses the entitlement reform, the economic recovery, and taxes.
As the budget battle to cut entitlements heats up, some argue that raising the retirement age will force the poor to subsidize the rich because the rich live longer.
More than 20 percent of the U.S. national budget is spent on Social Security, so of course politicians like to promise to reform it. Commentator Chris Farrell says unfortunately both candidates' plans are way too complicated.