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David Schweikert: “Social Security faces a 39 trillion dollar shortfall over…”

Featuring: David Schweikert, Republican | U.S. House, Arizona, District 1

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Schweikert: Congress Has Handed Control of Nation Over to the Bond Market

Published | Video Starts at 24:53

I want to go through these fairly quickly because I want to end on something that's a little more optimistic than some of these more dystopian numbers. This is Social Security faces a 39 trillion dollar shortfall over the next 30 years. 36 trillion if subtracting the trust fund. So let's just so functionally what we're saying here is this is income, payroll taxes and benefits. (24:53–24:59)

CLAIM

Asserts that Social Security has a projected $39 trillion shortfall over 30 years.

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