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David Schweikert: “Social Security is self-financed. Right now it's payroll tax…”

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

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'I'm Sorry, I'm Not Supposed To Curse On The Floor...': Schweikert Issues Dire Warning About US Debt

Published | Video Starts at 16:45

So it turns out Medicare is the biggest single, excuse me, other than interest, is the biggest spend out of the general fund. Because Social Security, until the trust fund's gone, does not have a general fund aspect. Social Security is self-financed. Right now it's payroll tax and trust fund. But that's why so many of us are freaked out that is it eight years, nine years, is it now 2035 or 2034? (16:45–16:50)

CLAIM

Asserts that Social Security is currently financed through payroll taxes and its trust fund.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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