His concern about the national debt is a major reason Republican Mike Lee decided to run for U.S. Senate. The national debt has become so large, Lee says, that it means every man, woman and child in the country owes approximately $50,000. On KVNU’s Crosstalk show Monday, Lee said the money now being spent for entitlements, such as Medicare, Medicaid and Social Security, is simply unsustainable. Lee said Social Security began in the 1930s when life expectancy was around 60 years of age but now it is closer to 80.”As that continues we have to recognize that you can’t continue to fund a system in which people were relying on that as a principle source of income for longer and longer periods of their lives,” Lee said. “It simply won’t work. “I think we also need to consider some means-based eligibility requirements. Longer term, I think we need to consider a privatization option.”Lee faces Democratic candidate Sam Granato and Constitution Party candidate Scott Bradley in his bid to replace outgoing Republican Senator Bob Bennett.
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