David Schweikert: “In seven years, the Medicare trust fund is empty.”

“… run out of the room because the political consultants care more about the power of the politics than the fact that in seven years, Medicare is $2 trillion a year. In seven years, the Medicare trust fund is empty. In seven years, Social Security trust fund is empty. And one of the rough numbers we had is the first full year. Just if you wanted to backfill that shortfall in Social Security is $618 billion.” (18:16–18:19)

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.