So because we're heading into a really interesting time, because of the demographics of America, we're getting old. We're getting old fast. And whether anyone here wants to admit it, it's true. From today through the next 30 years, 100% of the projected deficit is demographics. It's 75% Medicare. And if we backfill Social Security, it's the math. And that's from all the different think tanks. So I'm going to start with you, Dr. Auerbach. (01:22–01:29)
CLAIM
Asserts that the entire projected deficit over the next 30 years is due to demographics.
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.
