What would you do to maintain their solvency? Yeah, there's a lot of things where I say while the crisis is not tomorrow, we are on an unsustainable path. And my understanding is If we do not change the path now in 10 or 11 years, there's going to be something like a 20 or 21% cost reduction automatically [in Social Security]. So to say that nobody wants to change anything, you're actually just defaulting to a 20% drop. And I do not want that to happen. People have paid a lot of money into that. (13:00–13:11)
CLAIM
Asserts that without changes, Social Security will face a 20-21% cost reduction in 10-11 years.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
