And we didn't even do the economic effects of how much the economy slows down when you do that. So the solutions you hear repeatedly from our brothers and sisters on the left just mathematically aren't true. Raise taxes, you get 1.5% of GDP in nine years. We're borrowing 9% of the entire economy. Well, for Social Security, just raise the cap, okay? And don't give any benefits. That's the other part. Keep the benefit formula at where it is today. (14:35–14:44)
CLAIM
Asserts that raising taxes would yield 1.5% of GDP in nine years, while borrowing is at 9% of GDP.
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.
