Today in the 30 years forward, 100% of the growth of debt and our office now is calculating 130, 140 billion during that time particularly we start to calculate in the new interest rate regime that Medicare. And If we backfill Social Security in nine years when the trust fund is gone, it's going to consume every available dollar. and you're going to see programs like this that we care about squeezed. So that's actually my point is if these are moral, they serve a purpose. (07:45–07:52)
CLAIM
Asserts that Social Security will consume all available funds in nine years when the trust fund is depleted.
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.